Answer:
Customers cannot resell the product amongst themselves.
Explanation:
Price discrimination can be defined as a pricing strategy which involves selling a particular product at different prices. It can also be described as how organizations charge each customer different amount of prices for the same good or service, this is typically based on how much a particular customer is ready to pay for the product.
The following are the requirements for price discrimination:
- Organizations must prevent the resale of the product by separating the market.
- Seller should ensure to control the supply of the product.
- Price elasticity must be different.
Hello There!
<u><em>These are all ways that the Constitution limits government power.</em></u>
Answer:
The correct answer is the following combination: Increase; indefinite change.
Explanation:
To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.
Answer:
$96 per unit
Explanation:
The computation of the average price paid for the commodity is shown below:
Average price = Total cost ÷ Total number of units
where,
Total cost = Total number of units buyed × spot rate - hedge fund
where,
Hedge fund is
= 1,000 × 80% × ($110 - $90)
= $16,000
So, the total cost is
= 1,000 units × $112 - $16,000
= $96,000
Now the average price is
= $96,000 ÷ 1,000 units
= $96 per unit
I think it’s around 18 million or more people that make more than 1 million or 1 million yearly
