So, why do firms practice second degree price discrimination? Why not charge a set price for each ticket?

Q: Identify some essential elements common to any rational decision-making process?

A: Rational decision making is a complex process that contains nine essential elements. These are as…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: What is the Benefit-Cost Analysis?

A: A Benefit-cost analysis which is also known as a cost-benefit analysis is used to predict the costs…

Q: What is the answer? I did everyone as directed and I cannot find the answer correctly.

A: High-low cost estimation is a simple but useful method in economics, cost accounting and finance for…

Q: Being able to make an item at a lower cost than anyone else can make it is an advantage? True or…

A: To make any item at lower cost is always a plus point in the market.

Q: Are options b through h correct or incorrect?

A: The question is asking about the possible reasons for which imports can be limited. Different…

Q: Which of these is a guideline for making a decision? Guaranteed gain Marginal cost is less than…

A: Optimal decision making requires optimum utilization of resources in order to attain certain level…

Q: you must make decision for one choice, could you discuss what economic principles or concepts that…

A: Consumers' preferences of goods and services are at the heart of economics. Market forces decide the…

Q: What roles do planning systems play?

A: The planning system is responsible for the administration, control, and regulation of development in…

Q: How do people make the decision to purchase Qatar airways tickets? You could talk either about…

A: When people want to or have to travel then they find out how many choices (Road Train or Air) are…

Q: Are luxury and sustainability compatible?

A: The findings reveal that luxury customers have mixed attitudes about sustainability, believing that…

Q: a. List two types of Monetary Authorities.“ b. Explain how they maintain the value of money.“

A: In finance and economics, a monetary authority is a substance that deals with a nation's currency…

Q: In what way does strategic decisions different from other kinds of corporate decision?

A: 1. Strategic management is pretty important in today's corporate world as it allows corporations to…

Q: So is my solution wrong?

A: There are silly mistakes in your solution but overall algorithm is right. However, there is a slight…

Q: arginal analysis is one of the most useful concepts in economic decision making. Discuss and  show…

A: MARGINAL ANALYSIS: Marginal analysis is one of the important decision-making tools using which…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: I can't see the answer for question 2.

A: Here we have to draw 2 new production possibility frontiers.Shift in Production Possibility Curve: A…

Q: On what are the Economic decisions based?

A: Economic decisions are the decisions made by the economic agents to pursue a goal and achieve a…

Q: Arnold Van would like to buy some 'sala' set for his new house and Aaron, another consumer would…

A: Sales at Sell = 35,500 Reseller = 30,000

Q: What type of economy is best?

A: There are mainly four types of economic systems: Traditional economic system, command economic…

Q: Evaluate the maxim no risk no gain’in Islamic

A: ***The answer to the given question is based on Islamic Economics and the principles it…

Q: The international terror campaign being waged by Al Qaeda has an underlying economic motive. T or F?

A: Terrorism is defined as the use of violence and fear to achieve an ideological goal in its broadest…

Q: How the study of history of economics help people in their daily life

A: Economics is related to many aspects of the world. Various countries in the world are carrying out…

Q: What is the solution to question 6? I really need help with that one.

A: The amount of gas the buyers would be willing to purchase would drop if it turned out that 50% of…

Q: How would society/world be impacted by lethal autonomous weapon systems?

A: Lethal autonomous weapons are a form of autonomous defence force that can find and engage targets on…

Q: Why do we prefer a shorter payback period if other things are equal?

A: Payback period is the time required to cover the cost of the investment or the time required by the…

Q: Question 3 The lottery is a fair gamble Ⓒ True O False

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…

Q: Write the types of Strategic Engineering Economic Decisions?

A: According to the engineering economic decision, all the investment decisions are related to…

Q: How can project effectiveness apply to consumers?

A: Project effectiveness is simply when the project is being done on time and with least cost. It is…

Q: how do i put this question in exel?

A: Market equilibrium: At the market equilibrium demand equals supply. Or at market equilibrium point…

Q: it is only one choice!!!!

A: Equilibrium in the labor market requires that that the marginal revenue product of labor must be…

Q: What can affect the prioritization of economic goals.

A: The objective of economic effectiveness has been characterized as the most elevated conceivable…

Q: To what extent do ethical norms reflect a company’s dedication to the Triple Bottom Line?

A: In finance, when we discuss an organization's bottom line, we normally mean its benefits.…

Q: Can personal ethics be construed as the same as professional ethics?

A: Combined economics with ethics, economic ethics is a value judgment-based approach to economic…

Q: Think of a situation where tier pricing was used very effectively. What was the mechanism used and…

A: Tier Pricing method- This is a pricing method where by the producer resorts to differential pricing…

Q: Do consumers always make rational consumer decisions when buying economic goods?

A: Rational action applies to a choice - formation mechanism focused on the making of decisions that…

Q: What do you think of the ethics of using unconscious nudges to alter people’s behavior?

A:

Q: What is your opportunity cost for taking the time to study for a test?

A: opportunity cost is the cost of the next best alternative foregone. It is calculated by comparing…

Q: How does self interest affect societal interest?

A: