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ElenaW [278]
3 years ago
14

g 1)Which of the following strategies are used by business firms to capture consumer surplus?1)A)Two-part tariffsB)Price discrim

inationC)BundlingD)all of the above
Business
1 answer:
irinina [24]3 years ago
6 0

Answer:

D)all of the above

Explanation:

All these are due to increase the producer surplus rather than consumer surplus. Now let's look what these variants actually mean:

1) Price discrimination is a price policy in which at the same moment the same product or service is sold to different customers at different prices, and this difference in price is not justified by the different costs of producing this product or service.

Types of price discrimination according to the classification types of seller behavior:

-Individual discrimination (seller selects individual buyers)

-Group discrimination (seller identifies groups of buyers)

-Product discrimination (seller selects individual products)

2) In industrial economics, the two-tier tariff (or two-part tariff) is a price made up of a fixed part (a subscription or a franchise) and a part proportional to the quantity of goods purchased.  The binomial tariff is widely used in industrial organization because it constitutes the simplest case of price which is not linear compared to the quantity of goods purchased. Furthermore, it can be shown that when the information is not too incomplete, it allows a principal to avoid the problem of double marginalization (the fact that an economic agent in a monopoly situation sets a higher price than that resulting from the confrontation of supply and demand in perfect competition, which allows it to maximize its profit.

3)Bundling is a bundle consisting of several products sold as a unit. Especially common in the gaming industry.

Typical and most popular bundles are the so-called game kits:

-Game console + video game

- Video card (or motherboard) + computer game

A set of games sold as a unit by a set at a fixed price, or by the principle “Pay what you want” for a limited time. In customs practice, the concept of bundles is used to refer to packaging (place) in a container. Then it can be a box (box), a pallet of goods or a bundle. Usually a bundle is an indivisible part, united either by a box (bag, box) or fixed on a pallet.

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The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) resulted in implementation of risk contracts, which are arrangement
Sever21 [200]

Answer:

Capitated

Explanation:

Based on the information given the implementation of the risk contracts by TEFRA is to ensure that are medical arrangements are made among providers in order to provide CAPITATED health care services to Medicare beneficiaries.

CAPITATED health care services can be seen as the way in which medical treatment payment are made to the providers of health care service in advance for the sole aim of providing medical services or treatment to patient which are the Medicare beneficiary that have registered and assigned to them for a specific period of time.

6 0
3 years ago
What did martin luther king jr do as a call for action in birmingham in 1963
jekas [21]
He wrote a letter describing all the violence African Americans faced.
3 0
3 years ago
Read 2 more answers
The Business Auto Coverage Form covers all of the following, except:
bija089 [108]

Answer:

The Business Auto Coverage Form does not cover automatic coverage for physical damage to trailers.

The correct answer is C                      

Explanation:

Trailers used for business purposes may be covered by physical damage coverage but they are not covered by automatic coverage.

3 0
3 years ago
Department S had no work in process at the beginning of the period. It added 13,600 units of direct materials during the period
lora16 [44]

Answer:

Cost of units completed = $176,528

Workings are attached:

Explanation:

Equivalent unit of production

An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.

Equivalent units are used in the production cost reports for the producing departments of manufacturers using a process costing system. Cost accounting textbooks are likely to present the cost calculations per equivalent unit of production under two cost flow assumptions: weighted-average and FIFO.

Conversion costs

Conversion costs is a term used in cost accounting that represents the combination of direct labor costs and manufacturing overhead costs. In other words, conversion costs are a manufacturer's product or production costs other than the cost of a product's direct materials.

Expressed another way, conversion costs are the manufacturing or production costs necessary to convert raw materials into products.

The term conversion costs often appears in the calculation of the <u>cost of an</u> <u>equivalent unit in a process costing system.</u>

For the sake of this question, we will be determining the <u>equivalent units of production:</u>

  • Units completed and transferred subject to material and conversion costs
  • Units in the closing inventory subject to material and conversion costs
  • We will then calculate the cost per units with respect to material and conversion costs for the equivalent units.
  • These cost per units will enable us to determine the cost of items completed.
Download xlsx
4 0
3 years ago
Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share, and the other two have a 20%
mr_godi [17]

Answer:

4400

Increase

c. An index of 10,000 corresponds to a monopoly firm with 100% market share

Explanation:

Here are the options to the last question

Why is the largest possible value of the Herfindahl index 10,000 ?

a. An index of 10,000 corresponds to 100 firms with a 1% market share each

b. An industry with an index higher than 10,000 is automatically regulated by the Justice Department

c. An index of 10,000 corresponds to a monopoly firm with 100% market share

HHI index = 60²  + 20² + 20² = 4400

If one of the firms leaves the industry, the market share would be distributed between the two firms and this would cause the HHI index to increase as firm's concentration would increase

If only one firm operates in the industry, its market share would be 100% and its HHI index would be 100² = 10,000. For an industry to exist there has to be at least one firm operating in the industry,

7 0
2 years ago
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