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Q5) Distinguish between marginal pricing and cost-plus pricing.
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- Q3) How is peak-load pricing a form of price discrimination? Can it make consumers better off? Give anexample.19) Full-cost pricing strategies include: 20) Why is Customer Lifetime Value important? 21) What does Marketing Myopia indicate?A topic on optimal pricing, elasticity, stay-even analysis, or cost-based pricing.
- A local store estimates its typical customer's inverse demand is P= 7.8 – 1.9Q. and it knows the marginal cost of each rental is $0.74. If they use block pricing, what should the price for the entire package? (use decimals) Answer:Identify nine common pricing methods.This set of questions concern indirect pricing. (versioning) Use the attached image to answer questions below. 1. Assume first that HP sells two bundles: Bundle A, containing one printer+one cartridge. Bundle B, containing one printer+two cartridges. What price should HP charge for Bundle A? 0, 80, 100, 120, 180 or 200? 2. Assume first that HP sells two bundles: Bundle A, containing one printer+one cartridge. Bundle B, containing one printer+two cartridges. What price should HP charge for Bundle B? 0, 80, 100, 120, 180 or 200? 3. Assume now that HP sells the printer and cartridges separately. Using your answers from the previous two questions: What price should HP charge for the printer? 0,20,40,60,80 or 100? 4. Assume now that HP sells the printer and cartridges separately. Using your answers from the previous two questions: What price should HP charge for one cartridge? 5. In your answers above, HP prices the printer: Below marginal cost At marginal cost Above marginal cost In…
- Q3) How is peak-load pricing a form of price discrimination? Give anexample.What price should you set for a product? This week we’re learning a useful numerical rule. You’re brought in to consult for a business that currently has a Marginal Cost of $5 for its product. It sells its product to customers for $9 per unit and the estimated price elasticity of demand is -1.5. Is the current price optimal? Should it be raised or lowered? To what? Support your answer using the markup pricing equations from the text. (MR = P*(1+(1/elasticity)) combined with the MR=MC rule).Everyday-low pricing is a pricing strategy that is consistent with a goal of achieving long-term profitability through volume. ( ) a) True () b) False
- a) A Dutch Brewing company produces Heineken beer, assume further that the marginal cost of producing a six pack of Heineken Beer is $6. Dutch Brewing company sells Heineken in two different Markets namely Africa and Europe whose inverse demand functions are ?? = 24 − ??and ?? = 12 − 0.5?? respectively.Requireda) Calculate the profit maximising Price-Quantity combinations in these two markets Africa and Europe.b) With this Pricing strategy calculate the profit. c) If competitive output (P=MC=6) for Africa is 18 and Europe is 12, Compute the deadweight losses in the two markets. d) Clearly illustrates that the third degree price discrimination is welfare improving over a single price policy. e) Suppose these markets were no longer separated. How would you construct the market demand in this situation? Would the monopolist’s profit-maximizing single price still be 15?Explain the type of pricing strategy that you as a manager of a company would implement for Good X and Good Y with the following price elasticity of demand co efficients. Use diagrams to motivate your answer. a) Good X: 2.3 b) Good Y: 0.6Practice #6 Francine is a a dental floss tycoon living in Montana. She faces the following demand curve for her product: Price ( in $/unit) Quantity demanded 2.50 1000 2.20 2000 1.90 3000 1.60 4000 1.30 5000 1.00 6000 .70 7000 .40 8000 Francine has been told by her brother, who is currently taking a marketing class, that if she lowers her price by one increment(for example; changing price from .70 to .40, she will capture market share and increase total revenue. All of her advisors within the company have assured Francine that her brother's advice may be correct, BUT the above demand curve will not change. Assume that Francine knows the above demand curve will not change and is also considering her brother's advice. The prices can only change in…