A firm carries out price discrimination when it charges

1 answer:

6 0

A firm carries out price discrimination when it charges a lower price to consumers whose demand is more elastic. Price elasticity measures the relationship change between the quantity demanded or purchase of a product when the price changes. Price discrimination is when a company changes the priced based on the person making the purchase of the product.

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In control theory, how many control systems are in place to work against our tendencies to deviate?

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Answer:

4. Agility and Alignment

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Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

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Suppose that the wage rate is $30 per hour, and the firm sells each unit of output for $6. Using the data from Table 7.3, how ma

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I found this data from Table 7.3
 Labor Input Output
 0 0
 1 40
 2 70
 3 90
 4 100
 5 105
 6 108

Labor Cost = Labor Input x 30
Output Sales = Output x 6
Revenue = Sales - Cost

 Labor cost Output Sales
 0 0
 30 240
 60 420
 90 540
 120 600
 150 630
 180 648

 Labor Input Output Labor cost Output Sales Revenue
 0 0 0 0 0
 1 40 30 240 210
 2 70 60 420 360
 3 90 90 540 450
 4 100 120 600 480
 5 105 150 630 480
 6 108 180 648 468

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Lesser cost to the company at a maximum revenue.

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A retail value chain represents the total benefits offered to consumers through a channel of distribution

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