3. Consider a laptop producer who sells laptops to three types of customers - rich, medium income and poor. The three types have different ability to pay for the laptop based on the income levels as follows: Type Ability to Pay ($) Number ('000s) 1 3,000 10 2 2,000 20 3 1,000 30 Suppose the unit production cost of each laptop is $800. Determine if the frim should price discriminate based on your answers to the following questions: (a) If the firm charges a uniform price, what is the profit maximizing monopoly price? How much is its profit? (b) What will be its pricing strategy if the firm can identify each type of buyer?
Answers
(a) If the firm charges a uniform price, the profit maximizing monopoly price is $2000. Its profit is $960,000.
When the producer charges a uniform price, they sell the laptops to all the three categories of people at the same price. In such a case, the producer's profit would be the highest at the point where their marginal cost intersects with the marginal revenue, which is the $2000 price. Revenue (R) = Price (P) × Quantity (Q)Producer Total Revenue (PTR) = $2000 × 60,000 = $120,000,000Total Cost (TC) = $800 × 60,000 = $48,000,000Producer Total Profit (PTP) = PTR − TC = $120,000,000 − $48,000,000 = $72,000,000Thus, if the firm charges a uniform price, the profit maximizing monopoly price is $2000. Its profit is $72,000,000.
(b) If the firm can identify each type of buyer, it should price discriminate. If the firm can identify each type of buyer, it should price discriminate because it would lead to higher profits. The firm would be able to charge the customers different prices based on their ability to pay.If the firm uses a pricing strategy of first-degree price discrimination, it would be able to capture the entire consumer surplus. The firm would be able to charge each customer their willingness to pay, which would be different for each type of customer.
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Related Questions
Section A: True/False/Uncertain statements. Answer TEN questions. State first whether each is TRUE/FALSE/UNCERTAIN and then briefly justify your answer. Marks will be awarded only for the justification you give. [5 marks per question] 11. In an IS/LM fixed-price closed economy, fiscal policy will be more effective the flatter is the LM curve. 12. An increase in the ratio of cash to deposits held by the commercial banks will reduce the money supply. 13. In a closed economy where wages and prices are fully flexible an increase in the money supply increases the price level by the same proportion. 14. In an open economy with fixed prices, a fixed exchange rate and full international capital mobility, fiscal policy is ineffective. 15. If the rate of inflation is increasing from one year to the next, then the unemployment rate must be higher than its long run equilibrium.
Answers
11- It is uncertain because the effectiveness of fiscal policy in an IS/LM fixed-price closed economy depends on various factors, including the shape of the LM curve.
12- It is true that an increase in the ratio of cash to deposits held by commercial banks will reduce the money supply.
Fiscal policy refers to the government's use of taxation and government spending to influence the overall economy. The main objectives of fiscal policy are to stabilize the economy, promote economic growth, control inflation, and reduce unemployment.
13- It is uncertain because the statement refers to a closed economy with flexible wages and prices.
14- It is uncertain because the effectiveness of fiscal policy in an open economy with fixed prices, a fixed exchange rate, and full international capital mobility can be influenced by various factors.
15- It is false because the statement suggests a positive relationship between the rate of inflation and the unemployment rate.
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help pleaseeeeeeeeeeeee
Answers
Answer:
Income
Explanation:
A budget shows a plan of how one will spend their income. It is, therefore, a plan of expenditure. A budget shows total expected income on one side and projected expenditure on the other side. The budget is balanced when income and expenses are equal.
what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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Pick an ad that speaks out against drug abuse. Write about the possible primary and secondary effects of this ad on the youth in your locality. How long do you think the ad’s effect would last on you?
Answers
Answer: The National Youth Anti-Drug Media Campaign launched the “Above the Influence” (ATI) ad campaign in 2005. The campaign aims to provide young people with a different perspective on life. The campaign’s primary initiative is to reduce drug abuse among teenagers, not just by telling them about the harmful effects of drugs, but by helping them to counter bad influences (such as peer pressure) and believe in themselves. This campaign used print media, the Internet, television, and radio to communicate its message to teenagers.
The primary effects of this ad campaign on the youth in my locality were in terms of the immediate awareness that the ad’s message created. The campaign focused on improving lifestyles rather than just highlighting the bad effects of drugs, so it was able to connect with its target audience. Another key reason for the campaign’s success was the use of multiple media formats to communicate with the target audience.
An important secondary effect of this ad campaign was that it succeeded in spreading awareness about how peer pressure leads people into drug abuse. The campaign’s partnership with schools and other community groups helped to increase its effect on students in their early teens. Another secondary effect of the campaign was a decrease in the long-term use of marijuana and other illicit drugs among teenagers. The campaign managed to foster a feeling of independence and self-assurance among teens over the years.
The message of this ad campaign is still fresh in my mind. I’m sure it had a lasting effect on many others who heard it because it succeeded in building public awareness about the problem of drug abuse and in promoting a positive lifestyle.
Explanation:I got it of edmentum
Answer:
im cool
Explanation:
i need points
The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.
Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.
Answers
Answer:
The most correct answer is D
What are the price controls of the government?
Answers
Price controls are government regulations on wages or prices or their rates of change.
Price controls have the potential to generate shortages, prolong destructive regulation, make people wait in line for longer periods of time, and occasionally encourage supplier bias.In the 1970s, oil and gasoline were in this situation. Government must adhere to minimum and maximum prices set by price guidelines for specific commodities and services.Price controls are put in place to guarantee that the market has access to reasonably priced goods and services. Minimums and maximums are specified by pricing floors and ceilings.To know more about price control here
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Find the present amount needed to attain a future amount of F dollars in the given time using an annual simple interest rate of r.
F = $4900, r = 5%, 2 years
Answers
The present amount needed to attain a future amount of $4900 in 2 years with an annual simple interest rate of 5% is approximately $4454.55.
To find the present amount needed to attain a future amount of F dollars in the given time using an annual simple interest rate of r, we can use the formula for simple interest:
Present Amount = Future Amount / (1 + r * t)
Where:
F = Future Amount ($4900)
r = Annual interest rate (5% or 0.05)
t = Time period (2 years)
Substituting the given values into the formula, we can calculate the present amount:
Present Amount = $4900 / (1 + 0.05 * 2
Present Amount = $4900 / (1 + 0.10)
Present Amount = $4900 / 1.10
Present Amount = $4454.55
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mention 5 types of unemployment
Answers
State a reason to justify that marketing is a beneficial concept.
Answers
Answer: marketing is beneficial to customers because they can receive lower price they can receive new and improved products and it is also beneficial to the business because it allows businesses to maintain long-lasting and ever-present relationships with their audience
Franchises are expanding internationally to access additional ___that have new customers and to increase their profit potential
Answers
Franchises are expanding internationally to access additional "market" that have new customers and to increase their profit potential.
The Franchise is the term in the business and refers to those individual who invested their money into any company and become that company's franchisor or investor. The investor will get profit at the end of the year.
The franchisor become the co-partnership of the company, any new strategy and implement should be tell to the investor or franchisor. The franchises are of many types like business, retail, distribution, multi unit franchise and so on.
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A scrum master is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete. Due to the uncertainty involved he will be making a low, an average and a high estimate. He is using which estimating approach?
a. Apportion method
b. Range estimating
c. Learning curve
d. Parametric procedures applied to specific tasks
e. Template method
Answers
Based on the scenario above, He is using the Range estimating approach.
What is a range estimate?The Range estimating approach is known to be a kind of estimated distance that exist between a person and their target.
There are a lot of techniques in estimating range, An example is the:
100-meter-unit-of-measure method. The appearance-of-object method.The bracketing method, etc.Learn more about Range estimating from
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List the six areas of interest.
Answers
Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation:
What taxes are paid directly to the government by taxpayers?.
Answers
Direct Taxes, as the name suggests, are unit taxes that are unit directly paid to the govt by the remunerator. it's a tax applied on people and organizations directly by the govt e.g. income tax, corporation tax, wealth tax etc.
Indirect Taxes are area units applied on the manufacture or sale of products and services. There are unit 2 forms of taxes particularly, direct taxes and indirect taxes. The implementation of each of the taxes differs. The intermediator later files a come back|income tax return|return|legal document|legal instrument|official document|instrument} and forwards the tax return to the government with the return.
Direct tax may be a tax that someone or an organization pays on to the entity that obligatory it. Examples embrace taxation, property tax, and private property tax.
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Need help
what did police find in Bidens home?
Answers
Answer:
Explanation:
The FBI spent more than 12 hours searching President Biden's Wilmington, Del., residence Friday, and found more classified documents.
Some of the items date back to Biden's time as a a senator, while others were from his time as vice president, said Biden's personal attorney, Bob Bauer, announced the extraordinary development in a Saturday night statement. The Justice Department also took some handwritten notes for further review, he said.
A spokesman for the U.S. attorney in Chicago, who is overseeing the investigation of the documents until special counsel Robert Hur is in place, confirmed the search, saying that the FBI had "executed a planned, consensual search" of Biden's home.
It's the latest in a series of disclosures that has raised questions about Biden's handling of classified material, and comes after the White House had said that searches of Biden's residence had been complete.
Biden says he has 'no regrets' on how he's handled classified documents discovery
POLITICS
Biden says he has 'no regrets' on how he's handled classified documents discovery
Biden has been defiant about the issue, telling reporters on Thursday that he has "no regrets" about how he and his team have handled the discovery and disclosure of the documents.
Answer: he fbi found classified documents
Explanation:
30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them
Answers
The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
true/ false
Answers
The statement "The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time" is true.
What is a balance sheet?A balance sheet is basically the snapshot of a company in time, showing its financial position at a certain moment. A balance sheet will include the following:
The company's assets, that is, everything that is owned by the company.The company's liabilities or everything it owes.The owner's equity.What is an income statement?The income statement, also known as the profit and loss statement, is a summary of a company's financial performance, but over a determined period of time.The income statement helps the company adjust and take action whenever things do not go as originally planned. An income statement will include the following:
GainsLossesExpensesRevenuesWith the information above in mind, we can conclude that the sentence provided in the question is true. The balance sheet represents a snapshot in time, whereas the income statement reports on operations over a period of time.
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Why do interest rates on loans tend to be higher in a strong economy then in a week one?
Answers
In a robust economy, interest rates on loans are often higher than they are in a weak one because credit markets expand and prices rise as a result of increasing demand.
A percentage of the principal, or the amount loaned, is what a lender charges a borrower as interest. The annual percentage rate, or APR, is the usual unit used to express the interest rate on a loan (APR).
The amount earned from a savings account or certificate of deposit at a bank or credit union may also be subject to interest rates (CD). Interest on these bank accounts is calculated as an annual percentage yield (APY).
The borrower is essentially charged interest for the usage of the asset. Cash, consumer goods, vehicles, and real estate are all examples of lent assets. As a result, an interest rate can be viewed as the "cost of money" because it increases the cost of borrowing the same amount of money.
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How important do you think focus groups are to the eventual success of a new product?
Answers
Answer:
Yes
Explanation:
Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States . . .; To borrow Money on the credit of the United States; To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes. —Constitution of the United States, Article I, Section 8 Which of these are expressed powers granted by this part of Article I, Section 8? Check all that apply.
Answers
Answer:
To lay and collect Taxes, Duties, Imposts and ExcisesTo pay the Debts and provide for the common Defense and general Welfare of the United States. To borrow Money on the credit of the United States.To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.Explanation:
Congress as a Federal governmental branch, has the power to undertake certain things for the United States as a whole instead of for individual states. Article 1, Section 8 of the Constitution shows these powers which include: Congress will be able to collect taxes on from all states as well as duties, imposts and excises for the entire country.
Congress shall also be able to pay off debt and pass budgets for the defense of the nations. They will be able to borrow for the entire nation on the credit of the U.S. as a whole.
And finally, they can regulate commerce with foreign states and among the various states themselves but not within and as Indian tribes are seen as partly sovereign, only Congress can make deals with them as well.
Answer:
1. lay and collect taxes and duties
2. pay debts
5. borrow money
6. regulate commerce with foreign nations
Distinguish between medium and higher level education with
illustration.
Answers
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end.
In some firms in a perfectly competitive industry are earning positive economic profits, then in the long run, the:
a. Industry is in long-run equilibrium.
b. Number of firms in the industry will decrease.
c. Industry supply curve will shift to the right.
d. Number of firms in the industry will not change.
Answers
In a perfectly competitive industry where some firms are earning positive economic profits, the long-run outcome will be the industry supply curve will shift to the right. Option c is correct.
Positive economic profits attract new firms to enter the industry, as they seek to capitalize on the opportunity. The increased competition from new firms entering the market will cause the industry supply curve to shift to the right, increasing the overall quantity supplied.
As more firms enter and supply increases, market prices will fall due to the higher competition. Eventually, economic profits will decrease for all firms, and the industry will move towards a long-run equilibrium, where economic profits are zero. In the long run, the number of firms will not decrease, but rather increase, until a new equilibrium is established.
Therefore, c is correct.
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Jim Smith borrowed $2,000 at a 6% add on rate for two years What is the finance charge ? Show your calculations below.
Answers
Answer:
the finance charge is $420
Explanation:
Finance charge constitutes Interest cost to be paid on the loan. Interest compensate the lender for forgoing the alternative of investing the money elsewhere.
Annual finance charge :
Interest charge = $2,000 x 6% = $120
After two years :
Interest charge = $120 x 2 = $420
Therefore, the finance charge is $420.
Use the graph to answer the question that follows.
Which statement describes the shift from D1 to D2?
Demand for the product increased.
Less of the product is being produced.
Demand for the product decreased.
More of the product is being produced.
Answers
The statement that describes the shift from D1 to D2 is the demand for the product increased.
What does the shift from D1 to D2 signify?The graph represented in the image is that of a demand curve. A demand curve is a curve that shows the relationship between price and quantity demanded.
The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
When the demand curve shifts to the right, it indicates an increase in demand. When the demand curve shifts to the left, it indicates a decrease in demand.
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Answer:
Demand for the product increased!
Explanation:
option A
Which of the following is SIQ most likely to
stand for?
A. Station Identification Questionnaire
B. Standard Item Questionnaire
C. Software Inventory Questionnaire
D. System Identification Questionnaire
E. Station Inventory Questionnaire
Answers
Explain: hope this helps
Both a questionnaire and an inventory are examples of surveys. Simple to-answer questions are included in the questionnaire. These inquiries are made in an effort to obtain information, and they frequently concern particular topics.
Thus, Option E is correct.
What is the questionnaire data collection method?A questionnaire's objective is to gather data from respondents regarding their attitudes, experiences, and opinions. Questionnaires are frequently utilized in social and health sciences and market research. In order to increase customer satisfaction and profitability, our inventory assessments evaluate strategies, inventory management systems, processes, and procedures for developing new goods and managing inventory.
A questionnaire's objective is to collect information from a target audience. It will contain closed-ended and open-ended questions or a mix of the two.
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Marcia has always loved nike apparel for its style and comfort. She needs new workout pants, so she purchases a pair at the nike store. This is an example of which type of purchase decision?.
Answers
Marcia has always loved Nike apparel for its style and comfort. She needs new workout pants, so she purchases a pair at the Nike store. This is an example of limited problem-solving.
Limited problem-solving is a method through which people buy products from a company or place with which they have had an experience before. Based on past experience, they tend to make new experiences by purchasing new things from the same store.
Limited problem-solving is a method that allows you to buy products based on your prior experience with a brand. As your previous encounter with the brand was up to the mark, you begin to trust it and buy new products from it. Limited problem solving helps in building trust in a brand if the experience is continuously good from buying from that source.
As Marcia's experience with Nike was good before, hence she is using the limited problem-solving method for buying workout pants from there as well.
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sweet night :) sleep tight
Answers
Answer:
good night
Explanation:
sweet dreams :)
Relationship B has a greater rate than Relationship A. This graph represents Relationship A.
What table could represent Relationship B?
Time (weeks) 3 4 6 9
Plant growth (in.) 1.5 2 3 4.5
Time (weeks) 2 5 6 9
Plant growth (in.) 1.2 3 3.6 5.4
Time (weeks) 2 5 6 9
Plant growth (in.) 1.4 3.5 4.2 6.3
Time (weeks) 2 5 6 9
Plant growth (in.) 1.6 4 4.8 7.2
Answers
Answer:hola nose
nose
Explanation:creo que es la
B
ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answers
Answer:
understanding the interest rate
Explanation:
i took the test
What do you call a website or e-mail address that is created to look like it comes
from a legitimate source? Choose the answer.
pharming
spoofing
spyware
none of the above
Answers
Answer:
this would be called spoofing.
Spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
What is legitimate source?
Legitimate source is defined as according to the law, something that is legal is acceptable.
It can also be defined as the electoral register is a genuine source of information that is currently available to the public.
A reputable source is defined as the one that has been written by an expert in their field and is free of errors and bias.
A trustworthy source is defined as the one that offers a detailed, well-reasoned idea, argument, or discussion based on solid evidence.
Thus, spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
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Evaluate this topic idea:
“Teachers gave 18.5% more homework in 2007 than in 2005.”
a.
The topic is satisfactory
c.
The topic is too narrow
b.
The topic is too broad
d.
This is a thesis statement
Answers
Answer:
C. The topic is too narrow
hope this helps! :)
An academic evaluation of the topic, “Teachers gave 18.5% more homework in 2007 than in 2005” shows that d. This is a thesis statement.
What is a thesis statement vs a narrow topic?A narrow topic lacks breadth, making it impossible for a meaningful discussion of the topic.
A topic should have some breadth, with the thesis statement narrowing it down to a manageable length.
A thesis statement states the author's position on the topic.
Thus, an evaluation of the topic, “Teachers gave 18.5% more homework in 2007 than in 2005” shows that d. This is a thesis statement.
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