ECON600 FOR KIM WOODS

Part 1.

Complete this essay in a Microsoft Word document, with a minimum of 250 words, APA formatted

In what respects are the following common practices subtle (or not-so-subtle) forms of price discrimination?

1. Frequent-flier and frequent-stay programs

2. Manufacturers’ discount coupon programs

3. A retailer’s guarantee to match a lower competing price.

    

    

Part 2

Complete this essay in a Microsoft Word document, with a minimum of 300 words, APA formatted

Samuelson and Marks, Problem # 10 p. 113-114.

A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; and in summer, golf, tennis, and hiking. The resort’s operating costs are essentially the same in winter and summer. Management charges higher nightly rates in the winter, when its average occupancy rate is 75 percent, than in the summer, when its occupancy rate is 85 percent. Can this policy be consistent with profit-maximization? Explain.

Reference;

Managerial Economics 7^th Edition. John Wiley & Sons, Inc.
William F. Samuelson & Stephen G. Marks. (2012).