Tutorial assignment 9

Tutorial assignment 9 - Problem set 9. Due: week 11 at the...

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Problem set 9. Due: week 11 at the beginning of your tutorial. Unmarked portion. You do not submit your answers to the problems below. Answers will be posted. 1. Many firms issue coupons in newspapers and flyers that are required in order to receive a lower price. Explain how a coupon could be used as a method of price discrimination. 2. Pure grain alcohol is used as an industrial disinfectant. However, a small percentage of methyl alcohol (which is poisonous) is added to the grain alcohol. The mix is sold as “Methylated Spirits” in hardware stores. Why would this be done, given that the slight amount of methyl alcohol does not affect the performance of the grain alcohol, but is poisonous if taken internally? 3. In the book trade, it is common practice to publish a novel in hardcover and sell it for, say, $30 and then to bring out a paperback edition about six months later and sell it for $10. The motion picture industry uses a similar strategy. A good, new movie might be screened at first-run movie theaters for about three months. Several months
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This note was uploaded on 06/18/2010 for the course ECOS 2001 taught by Professor None during the Three '09 term at University of Sydney.

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Tutorial assignment 9 - Problem set 9. Due: week 11 at the...

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