What are the types of price discrimination
What are the types of price discrimination?
Expert
The types of price discrimination are as follows:
1. Price relatively elastic portion of the demand curve of the first degree that charging various price for various persons for similar product.
2. Price discrimination of the second degree: In this, the buyers are classified in various divisions.
3. Price discrimination of the third degree: In this, the markets are divided as per elasticity of demand.
An increase in the competitively-set wage tends to cause: (w) firms to reduce the amounts of labor hired. (x) increases in the marginal revenue products of the workers a firm retains. (y) higher marginal factor costs of labor to competitive firms. (z)
Write down the limitations of Marginal Costing?
Refer to figure as in above. What occurs when the firm produces more than Q4 units: w) Its profit raises. x) this makes a loss. y) Its total revenue is increasing quicker than its whole cost. z) this could make a profit or a loss depending upon what occurs
Illustrates the steps in formulating pricing policies in details?
Illustrates the term Elasticity?
Explain about econometric models.
Into the short run, the labor supply in an economy based least on: (1) population size and labor force participation rate. (2) individuals’ preferences between leisure and income from work. (3) the demand for labor. (4) rates and structures of w
A market is improbable to be contestable when entry needs new firms to incur very high: (w) variable costs. (x) fixed costs. (y) principal-agent problems. (z) marginal costs. I need a good answer on the topic of Economics <
Explain the assumptions of Law Diminishing Returns.
What are the certain assumptions in production functions?
18,76,764
1944919 Asked
3,689
Active Tutors
1450932
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!