--%>
Assignment Help - homework help

consumer surplus-for both company perspective and Consumer

Consumers are frequently bewildered by the distinct array of choices, plans and prices which are offered by companies offering cell phone service. Describe in terms of consumer surplus why it makes sense from both the company's perspective and that of the consumer.
Consumers all contain different ability and ready to pay. If companies knew what the willingness to pay was for any specific consumer it would merely charge them the highest price which they could get away with. The truth is that this willingness to pay is just known by the consumer. If only one plan & price were offered several consumers may elect to subscribe to cell phone service and several may not. By offering distinct plans and prices it allows consumers to be capable to choose the plan that gives them the greatest amount of consumer surplus. This in turn let the firm to serve more customers & to make more profit.

 

 

   Related Questions in Biology

  • Q : Perceptual Process - Organizational

    Perception is a process consisting of several sub-processes. We can take an input-throughput-output approach to understand the dynamics of the perceptual process. This approach emphasizes that there is input, which is processed and gives output. The stimuli in the environment - subjects, events,

    		•
  • Q : State Office Automation or OA Office

    Office Automation (OA): The utilizations of computer systems to execute a diversity of office operations, like accounting, word processing, and e-mail. Office automation nearly always implies a network of computers with a diversity of accessible progr

    		•
  • Q : Customer Analysis in business plan

    Customer Analysis: The Customer Analysis section of the business plan assesses the customer segments that the company serves. In it, the company must 1. Identify its target customers.2. Convey the needs of th

    		•
  • Q : Description of yellow fever Give a

    Give a brief description of yellow fever?

    		•
  • Q : Permanent immunity-Vaccine against flu

    Which virus can causes flu? Why does not body create permanent immunity against that virus? How does vaccine against the flu work?

    		•
  • Q : Increasing Diversity Skills -

    Efforts to increase diversity skills focus on improving the way managers and their subordinates interact with each other and on improving their ability to work with different kinds of people. Education managers and their subordinates about why and how people differ in the ways they think, communi

    		•
  • Q : Major functions of cytoskeleton Write

    Write the main functions of cytoskeleton?

    		•
  • Q : Female gametophyte form in angiosperms

    How is female gametophyte formed in the angiosperms?

    		•
  • Q : Understanding of genes and their

    For this assignment you will have to make use of information and skills gained throughout the 4 weeks of the introductory programme. This may be understanding of genes & their products, how to find and reference information from different sources, and specifically

    		•
  • Q : How are gases exchanged in sponges How

    How are gases exchanged in sponges?

    		•