Answer:
The correct answer is the option B: False.
Explanation:
To begin with, the price discrimination strategy refers to a technique used by the companies in order to charge different prices to the different consumers regarding the fact of how much would they be able to pay for the product. When it comes to monopolies, a perfect price discrimination strategy would try as best as possible to capture the majority of the zone known as the <em>"consumer surplus"</em>. And that is why that a company with a perfect price discrimination would face a small deadweight loss area due to the fact that with that strategy of price the monopolist will absorve as much as possible of that area becuase the triangle is half consumer surplus and half producer surplus.
I use to take music class
Answer:
The answer is $1600.
Explanation:
Depreciation Expense store equipment = $1525
accumulated depreciation = $1525
Costs of goods sold = $1600
So, Merchandise Inventory = $1600.
Durable and Nondurable goods are included in the Gross Domestic Product calculation of consumption.
Consumption expenditure refers to expenditure incurred by means of households on the buying of all varieties of purchaser goods, i.e durable goods like food merchandise and nondurable items like motors.
The manufacturing of durable items is a part of a country's Gross Domestic Product. As reported within the Survey of present-day business with the aid of the Bureau of monetary evaluation and also within the annual report of the Council of Economic Advisers, long-lasting items which can be sold to purchasers appear underneath non-public intake fees.
Consumer nondurable goods are purchased for fast or nearly instant intake and feature a lifestyles span starting from mins to a few years. common examples of those are meals, liquids, garb, footwear, and gas.
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Answer:
A. Elasticity measure the change in quantity demanded that comes with a change in price. The elasticity formula is;
Elasticity = %change in quantity demanded / % change in price
0.4 = 20% / %change in price
%Change in price = 20%/0.4
= 0.5
= Increase price by 50%
= 50% * 5 = $2.50
<em>Government should increase the price by $2.50 to make it $7.50. </em>
B. Effect is larger 5 years from now
Effect will be larger 5 years from now than 1 year from now. This is because in 5 years the high prices would have forced smokers to look for more alternatives to smoking than in a year.
C. Teenagers have less income.
Teenagers likely have a higher price elasticity because they do not have the income to support an increase in the price of cigarettes so when the prices increase, they buy less than adults who are more likely to have an income stream.
