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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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Wiley's has total equity of $679,400, long-term debt of $316,900, net working capital of $31,600, and total assets of $1,123,900
Elenna [48]

Answer:

The answer is 0.4

Explanation:

The formula for total debt ratio is total debt ÷ total assets.

Total debt equals current debt plus total long-term debt.

To find total debt(liability), remember Asset = Liability + Equity.

Therefore, Liability (debt) will be Asset - equity

$1,123,900 - $679,400

Total debt(liability) = $444,500

So, total debt ratio will be:

$444,500/$1,123,900

=0.4

This ratio means 0.4 or 40 percent of the company asset is financed by debt.

7 0
3 years ago
What is one explanation for why this labor supply curve is upward sloping over the range of wages from low wage to high wage?
hjlf

Answer:

Option 1 - the opportunity cost of leisure decreases as wages decrease.

Explanation:

The labour supply curve of any occupation will always be upward sloping because when wages, (the opportunity cost of leisure) rises, the more hours of leisure a staff will relinquish to do more work.  

The opposite of this is true as seen in option 1 of the question.

Opportunity costs will reduce with a consequent reduction in average wages. When fewer people want to retain their employment due to decrease in wage rates, it would lead to a fall in demand for leisure.  

6 0
3 years ago
Suppose that the price of good X rises from $12.00 to $12.90, and as a result the quantity demanded of good X falls from 5,000 u
ivann1987 [24]

Answer:

The price elasticity of demand is 1.14.

The price is Elastic.

Elasticity is more than one so total revenue will fall.

Explanation:

Given the initial price of good x = $12

Final price of good x = $12.90

% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %

Initial quantity = 5000

Final quantity = 4600

% change in quantity = [(4600 - 5000)/5000] x 100 = -8%

Elasticity = % change in quantity / % change in price

Elasticity = 8% / 7%

Elasticity = 1.14

The price elasticity of demand is 1.14.

The price is Elastic.

Since elasticity is more than one so total revenue will fall.

5 0
3 years ago
During the last decade, there was an increase in sales in cds, dvds, pen drives, and portable hard discs, as people sought to re
kipiarov [429]
During the last decade, there was an increase in sales in cds, dvds, pen drives, and portable hard discs, as people sought to replace their obsolete floppy discs. in terms of the technology cycle, this is an example of <span>DISCONTINUOUS CHANGE.</span>
4 0
3 years ago
The equilibrium price of a good in market A is $24. The current price of the good in market A is $21. At this price, a(n) ______
qwelly [4]

Answer:

Excess supply as well as excess demand in market A

Explanation:

Equilibrium price is the price of the market, where the quantity of the goods supplied will be equal to the quantity of the goods demanded by the customers. The equilibrium price is determined by the intersect of the demand and the supply curve.

When the equilibrium price is $24, but the current price is $21, so, at this price, there would be supply and the demand in excess for the customers of the goods exist in the market A.

7 0
3 years ago
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