Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Microeconomics Expert

Q1. A television newscaster stated, ‘Janet Jones is $20 million richer nowadays. She just won the Florida lottery that will pay her $1 million per year for each of the next 20 years. Is she really $20 million richer?

Q2. Some time ago, most of the main airlines issued student travel cards at nominal price. These cards permitted college students to fly ‘space available’ (that is, no reservations permitted) at substantial discounts. Whenever this practice was in effect, some older non students were employing the cards and some students were insuring themselves accessible space by reserving seats for fictitious passengers who then don’t show up for the flight.

a) Did the discount symbolize the price discrimination?

b) Did the conditions essential for a successful price discrimination exist?

Q3. Suppose that the soft coal industry is a competitive industry and it is in long run equilibrium. Now suppose that the firms in the industry form a cartel.

a) What will occur to the equilibrium output and price of coal and describe why?

b) After the cartel is operating, are there incentives for individual firms to cheat? describe why?

c) Does the possibility of entry through all the firms make a difference in the behavior of cartel?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M910113

Have any Question? 


Related Questions in Microeconomics

You have to watch a video in youtube the age of uncertainty

You have to watch a video in youtube :The Age of Uncertainty Episode 1 - The Prophets and Promise of Classical Capitalism link is: https://www.youtube.com/watch?v=KGSID_Uyw7w and then write a 3pages on answering these fi ...

Question -for production of dodecylbenzene sulfonates main

Question - For production of Dodecylbenzene sulfonates (main raw material for production of detergent), the detergent plant needs 2000 metric ton per day of hydrocarbons (mixture is acceptable) with boiling point between ...

Assignmentdoes your organization have a project portfolio

Assignment Does your organization have a project portfolio management process in place? Write 1100 words in APA format in response Think of a project that you have worked on. Suppose your team and any contractors associa ...

Problemdescribe some interaction your company has with

Problem Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or down-stream customers), or between internal divisions within your firm ...

Project milestone guidelinesprompt for the first part of

Project Milestone Guidelines Prompt: For the first part of Milestone Two, you will analyze in detail the trade barriers in your selected international market that impact the industry you have selected. The second part of ...

Assignmentprin mktg onlinesource ccmarketing 2012

Assignment PRIN MKTG ONLINE Source: CCMarketing (2012). PepsiAmericas A Bottler Wholesaler in the Pepsi Channel of Distribution. Essential of Marketing. McGraw Hill- Education. This video explains the channel of distribu ...

Assignmentin many instances public relations activities

Assignment In many instances public relations activities take the form of damage control, and in these instances, the firm is in a reactive public relations strategy mode. Although a reactive strategy may seem a contradi ...

Evaluating the effectiveness of pre-positioning policies in

Evaluating the Effectiveness of Pre-Positioning Policies in Response to Natural Disasters EXPERIMENTAL DESIGN Objectives The intent of this research is to understand the impact of implementing a local pre-positioning str ...

Assignment1 listidentify and discuss the various laws that

Assignment 1). List/identify and discuss the various laws that were broken. Identify and discuss ENRON's internal process of "Yank and Rank." What is meant by the term "cooking the books?" 2). List/identify and discuss t ...

Why might a profitable motel shut down in the long run if

Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate