This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Discuss the practical difficulties associated with practicing perfect price discrimination. What ... (Read 57 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
Discuss the practical difficulties associated with practicing perfect price discrimination.
 
  What will be an ideal response?

Question 2

What role do households play in the market for inputs? What role do firms play?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

Perfect price discrimination is difficult to practice because it requires that the firm know exactly the maximum willingness to pay of each individual buyer. Firms are generally unable to get this information or acquiring it may be quite costly.

Answer to Question 2

In the market for inputs, households are the suppliers. They sell their labor services in the labor market to firms who demand labor to produce their products. Owners of land sell or rent their land to firms for production purposes. Households supply their savings to financial markets so that firms are able to buy capital.


bobypop

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

wild discuss fish wild discuss fish
A medical assistant listening to the patient and physician discuss the patient's care. A medical assistant listening to the patient and physician discuss the patient's care.
In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ... In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ...
How to factor a perfect square trinomial How to factor a perfect square trinomial
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library