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- STIHL, Inc., manufactures gasoline-powered chain saws for professional, commercial, farm, and consumer markets. To “better serve” their customers, STIHL offers its chain saws in four different quality lines and associated price ranges: occasional use, midrange, professional, and arborist.1- Under what circumstances could offering multiple qualities of a product be price discrimination? 2- What form of price discrimination might this represent—first-, second-, or third-degree price discrimination? 3- Explain why this practice could increase profit at STIHL.11. Consider the following information for Dhaka Water Supply Authority (WASA). Quantity of water (in thousands of liters) Marginal revenue (in taka) Price Total revenue (in taka/liter) (in taka) 11 1 10 9. 8 7 6 7 4 8 3 9 2 10 1 (a) Calculate Dhaka WASA's total revenue (TR) and marginal revenue (MR). (b) If marginal cost is constant at 2 taka/liter, how many liters of water would Dhaka WASA supply? Intuitively explain your answer using a suitably drawn figure. (c) How many liters of water would Dhaka WASA supply if marginal cost increases to 6 taka/liter? 3. 6.
- I. PROBLEM SOLVING Below is a data of the per-unit costs incurred by a competitor in selling face mask per pack (5 masks per pack) per day. Output (in packs) AFC (P) AVC (P) АTC (Р) MC (Р) 1 60.00 45.00 105.00 45.00 30.00 42.50 72.50 40.00 3 20.00 15.00 12.00 40.00 60.00 35.00 4 37.50 52.50 30.00 37.00 49.00 35.00 40.00 10.00 37.50 47.50 47.14 7 8.57 38.57 45.00 8 7.50 40.63 48.13 55.00 6.67 43.33 50.00 65.00 10 6.00 46.50 52.50 75.00 1. Assuming that the product's price is P58 per pack, should the competitor sell in the short-run Why or why not? If it decides to sell, what will be the profit-maximizing (or loss-minimizing output per day)? What is the profit (or loss) that the seller can realize per day? What is the profit (or loss) per pack? A. Assuming that the product price is P42 per pack, answer the same questions in letter A. B. Because of increasing sellers of masks in the market, the product's price further decreased to P32 per pack. Again, answer the same questions in letter…Explain how an increase in oil prices will accelerate transition to a backstop technology.3. What do you consider to be the major characteristics and importance of any two (2) subsystems under Neil Leiper's tourism system?
- Which is NOT a reason for a supplier to offer trade credit to a manufacturer? a. To increase the market share b. To increase the available working capital c. To benefit from dynamic discounting d. To decrease the cash conversion cycleShould "Big Pharma" team up with Amazon and retaliate against PBMs? Please argunt Please DO NOT respond to this question with the answer already provided. Thank you.Please answer with explanations or procedures of the steps following questions i) ii) iii)
- 500 450 The graph on the right may help in answering question 25 400 350 300 250 200 150 100 50 O 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 Quantity Demand MC Exter nality MC private MC Social A competitive tire manufacturing industry spews emissions into the air at47 per tire a marginal cost of 1.5-q, where q is the quantity of tires produced per month (in thousands). The industry marginal cost, excluding the cost of emissions (private marginal cost), is 4 + 4•q, expressed in $ per tire. The inverse demand curve for tires is p = 480 - 3-q, also expressed in $ per tire. In order to achieve the socially efficient level of tire production, which takes into account the optimal level of air pollution, the government levies a tax on the industry. What is the efficient pollution tax? $84 per tire $101 per tire $152 per tire PriceQuestion 4 $19 16 13 10 0 100 MC 160180 210 Quantity MR ATC D Assume all monopolistically competitive firms in an industry have demand and costs similar to the firm shown. What should we expect? O Firms will exit the business and the demand curve will shift to the left This firm will produce where MR-MC and no other firms will enter or exit Other firms will enter the industry and the demand curve will shift to the left2. MATCH UP: REGULATORY AGENCIES: 1) Ministry of Health of the Russian Federation 2) Federal Antimonopoly Service (FAS of Russia) 3) Federal Service for Surveillance in Healthcare (Roszdravnadzor) FUNCTIONAL AREA of PRICING REGULATION: a) Approval of the list of vital and essential medicinal products; b) economic analysis of the manufacturers' maximum ex-works prices for the medicinal products included in the list of vital and the essential medicinal products; c) registration and re-registration of the manufacturers' maximum ex- works prices for the medicinal products included in the list of vital and the essential medicinal products (taking into account the FAS decision); d) making a decision on coordination of the maximum ex-works prices (or on refusal in its coordination), sending it to the Ministry of Health of Russia; e) maintenance of the state register of the manufacturers' maximum ex- works prices for the medicinal products included in the list of vital and the essential…
