Declining block pricing is a crude form of perfect price discrimination. In what sense is this statement
Question:
Declining block pricing is a crude form of perfect price discrimination.” In what sense is this statement correct? In what important way is it wrong?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
It is important because it is not any form of price discrimination but two part pricing It is import...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Economics Foundations of Business Analysis and Strategy
ISBN: 978-0078021718
11th edition
Authors: Christopher Thomas, S. Charles Maurice
Question Posted:
Students also viewed these Economics questions
-
Declining block pricing is a crude form of perfect price discrimination. In what sense is this statement correct? In what important way is it wrong?
-
What is price discrimination and how is it used to increase a monopolys profit?
-
What is the relationship between the price of crude oil and the price you pay at the pump for gasoline? The file Oil & gas contains the price ($) for a barrel of crude oil (Cushing, Oklahoma spot...
-
(a) Compute the primary Class 1 NICs payable by the following weekly-paid employees for the week ending 14 August 2020: (i) Employee A has earnings for the week of 110. (ii) Employee B has earnings...
-
Choose the alkyl halide(s) frorn the following list of C6H13Br isomers that meet each criterion below. (1) l-bromohexane (2) 3 -bromo-3 -methylpentane (3 ) I -bromo-2,2-dimethylbutane (4) 3 -bromo-2-...
-
The mechanical system in Figure 8.37, where all parameter values are in consistent physical units, is subject to initial conditions \(x_{1}(0)=1, x_{2}(0)=1, \dot{x}_{1}(0)=-1, \dot{x}_{2}(0)=1\)....
-
The data in Table 4 represent the educational attainment in 1990 and 2013 of adults 25 years and older who are residents of the United States. The data are in thousands. So 39,344 represents...
-
There is a parcel of land next to the Playful Paws, Inc. building. Ellen, the owner of this property, approached John to discuss the idea of selling it to him. John is interested. Ellen knows that...
-
How do citizens, both individually and collectively, influence government policy?
-
An injection molding machine can be purchased and installed for $90,000. It is in the seven-year GDS property class and is expected to be kept in service for eight years. It is believed that $10,000...
-
1. Please discuss the First World War and the Treaty of Versailles (1919). How did this war and treaty shape the first half of the Twentieth Century Global history? 2. Discuss & outline the...
-
Price discrimination sounds like a very socially bad thing. Can you think of any reasons why price discrimination could be viewed as a socially good thing? Explain.
-
By using the latest technologies, people can often create prefect clones of original works. How are the Internet and the latest digital technologies influencing intellectual property laws?
-
Return on Equity (or ROE) is calculated as income divided by average shareholder equity. The income number is listed on a company's Income Statement. Shareholder Equity (which is the difference...
-
Answer the following questions. Pharoah Company Balance Sheet December 31, 2022 Cash $25,000 Accounts payable $ 3,700 Accounts receivable. 19,200 Salaries and wages payable 2,900 Inventory 11,500...
-
Answer the following questions with class definition (object) defined below: class Room { private String my_roomName; private int desiredTemp; // desired temperature setting private int actualTemp;...
-
A program SentenceReverser that reverses the words in a sentence by reading words into a Stack until you find a period. Your program should then pop off the words from the stack. Begin your reverse...
-
Brian's non-PAR insurance allowed $75 for an office visit charge of $100. He has met the annual deductible and has a 60/40 co-insurance. What is Brian's out-of-pocket responsibility?
-
The principle of corresponding states has far greater applicability in thermodynamics than was indicated in the discussion of Sec. 6.6. For example, it is possible to construct corresponding-states...
-
Use the information given about the angles and to find the exact value of: (a) sin( + ) (b) cos( + ) (c) sin( - ) (d) tan ( + ) (e) sin(2) (f) cos (2) (g) sin /2 (h) cos/2 cos = 4/5, 0 < < /2; cos =...
-
The role of judiciary in IR has been regressive. Give your viewpoint.
-
Why are closing entries required at the end of an accounting period?
-
What is the difference between adjusting entries and closing entries?
-
Describe the four entries that close the temporary accounts.
-
How could it better account for late raw material deliveries when they did occur? Explain briefly
-
Caroline Corp purchased the assets of Hayden Inc. for $7 million cash. The fair value of Hayden Inc's assets was 3.4 million and the purchased company had total liabilities of $350,000. How much...
-
a. Performed $27,000 of services on account. b. Collected $19,100 cash on accounts receivable. c. Paid $5,200 cash in advance for an Insurance policy. d. Paid $810 on accounts payable. e. Recorded...
Study smarter with the SolutionInn App