McDonald’s competes in an oligopolistic market structure which has a direct effect on pricing strategy. In this type of market environment‚ organizations increase profits by producing where MC=MR or marginal cost is equal to marginal revenue. McDonald’s and their competitive organizations set the prices for their industry. “Because of their “fewness‚” oligopolies have considerable control over their prices‚ but each must consider the possible reaction of rivals to its own pricing‚ output‚ and
Premium Pricing Marketing Economics
A 200 Year Democracy Our nation is approximately two hundred and thirty years old‚ and our democracy‚ the same. According to Alexander Tyler a democracy only lasts an average of two hundred years; so we are overdue right? I don’t think so‚ and I shall tell you why. I don’t think we are overdue. No‚ not at all‚ I just think we are running a little late to the party‚ so to speak; however we are well on our way there. Alexander Tyler said that a democracy will fall at the hands of a loose fiscal
Premium Dependency Government Democracy
PRICE DISCRIMINATION : A pricing strategy that charges customers different prices for the same product or service. In pure price discrimination‚ the seller will charge each customer the maximum price that he or she is willing to pay. In more common forms of price discrimination‚ the seller places customers in groups based on certain attributes and charges each group a different price. Price discrimination involves market segmentation. A firm price discriminates when it charges different prices
Premium Marketing Pricing
CHAPTER 1: An Overview of Financial Markets and Institutions Answers to End-of-Chapter Questions 1. Does it make sense that the typical household is a surplus spending unit (SSU) while the typical business firm is a deficit spending unit (DSU)? Explain. The typical household begins as a SSU‚ has a deficit moments in the period when a home is purchased‚ autos are purchased‚ and tuition payments are made. For the most quarters (the typical flow of funds time unit) the household sector
Premium Bond Investment Financial market
Agricultural Prices The recent announcement of Mad Cow disease ignited fears about the safety of U.S. beef‚ largely because the disease is not well understood. The fatal disease known as mad cow (bovine spongiform encephalopathy or BSE) has been found in a country’s cattle affect both supply and demand curves. Research indicates that the impact on domestic demand could be small because consumers respond differently to food safety concerns than to long-run health concerns. Research has shown that
Premium Supply and demand Bovine spongiform encephalopathy Beef
Meta-Analysis of the Price Elasticity of Meat: Evidence of Regional Differences Craig A. Gallet Dept. of Economics‚ California State University‚ Sacramento 6000 J Street‚ Sacramento‚ CA‚ United States Tel: 916-278-6099 Received: July 17‚ 2012 doi:10.5296/ber.v2i2.2115 E-mail: cgallet@csus.edu Accepted: July 30‚ 2012 URL: http://dx.doi.org/10.5296/ber.v2i2.2115 Abstract This study addresses regional differences in meat demand by estimating meta-regressions of the price elasticity of
Premium Supply and demand Elasticity Price elasticity of demand
2013 IBPS-NEWS Admin February 2013 Current Affairs POWERED BY www.ibps-news.blogspot.com [FEBRUARY 2013 CURRENT AFFAIRS] Here is a list of important current events of February 2013 on National & International news‚ Sports news‚ Prize & Award‚ Science & Technology news helpful for upcoming IBPS‚ SBI‚ SSC‚ UPSC etc. recruitment exam. Downloaded from www.ibps-news.blogspot.com Page 1 February 2013 Current Affairs National News • • • • • • The 2001 Indian Parliament attack case victim
Premium Academy Award India Pope Benedict XVI
Price Discrimination in the Mobile Phone Market Mobile phones are nowadays a part of our lives‚ the majority of us use them on a daily basis. Some people use them less frequently‚ when they are away from their homes‚ while for some they have already replaced the old landline phone. Young people use the SMS and MMS services quite often‚ while more senior people limit themselves to just making calls . Some prefer the pay-as-you-go; others have monthly contracts for a flat fee. There are a variety
Premium Mobile phone Monopoly Economics
(Objective-Type Solved Questions) Provided by: PrivateJobsHub.blogspot.com To clear a recruitment exam you need a good resource to get the best knowledge of current affairs. “Private Jobs Hub” provides help to all such candidates by providing the best materials like Current Affairs Quiz‚ Previous Year Question Papers and other materials. Visit privatejobshub.blogspot.in and you will come back again. We also provide the latest job opportunities in both government and Private sector. Subscribe
Premium India FIFA World Cup 1982
Use the following information for Questions 1 and 2: A stock has a required return on 11 percent. The risk-free is 7 percent‚ and the market risk premium is 4 percent. What is the stock’s beta? 1.2 1.1 1.0* 0.9 If the market risk premium increases to 6 percent‚ what will happen to the stock’s required rate of return? 6.00% 7.00% 11.00% 13.00%* Stock R has a beta of 1.5‚ Stock S has a beta of 0.75‚ the expected rate of return on an average stock is 13 percent‚ and the risk-free
Premium Stock market Investment Stock