Electric utilities often practice second-degree price discrimination. Why might this improve consumer welfare?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Consumer surplus may be higher under block pricing than under monopoly pricing b...View the full answer
Answered By
Abhishek Meena
Scholastic Achievements
IIT-JEE 2012 Rank – 137 | AIEEE 2012 Rank – 57 |Mathematics Olympiad Rank-28 | KVPY & NTSE
Subject Expertise: Electrical Engineering, Power Systems, Machines,Power Electronics, Machine Learning,
Anthropology, Data Structure & Algorithms.
Tools & Languages : Python, MATLAB & UNIX(Proficient), JAVA & C(Intermediate), RUBY(Beginner)
Project details and codes of some of the coolest data science projects I worked on-
https://github.com/abhishekmeena2104/
Job Experience-
Software Developer – Bank of America(2016-2018)
• Developed Municipal bonds trading system which handles million dollars worth of trades every day.
Data Scientist – Landmark Group(2018-2019)
• Involved in inventory management and sales forecasting using ML techniques like – Neural Nets(LSTM), ARIMA & Regression models.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
STIHL, Inc., manufactures gasoline-powered chain saws for professional, commercial, farm, and consumer markets. To better serve their customers, STIHL offers its chain saws in four different quality...
-
Electric companies typically have 5-10 different rate schedules for their main customer groups. The average price charged to large industrial users may differ substantially from that charged to...
-
Prolonged success for auto manufacturers is likely to come from their ability to sell cars in rapidly developing countries like Russia, Brazil, India, and Indonesia. However, selling cars in these...
-
Rafael Espinal's leadership approach is best categorized as what type of leadership? spiritual adaptive authentic servant
-
Selk Steel Co., which began operations on January 4, 2015, had the following subsequent transactions and events in its long-term investments. 2015 Jan. 5 Selk purchased 60,000 shares (20% of total)...
-
Below is a list of accounts of Patel Consulting Ltd. at January 31, 2014. The unadjusted trial balance of Patel Consulting Ltd. at January 31, 2014, does not balance. In addition, the trial balance...
-
Information for four separate finance/sales-type lease scenarios is provided as follows: Required Answer the following questions for each separate scenario, assuming that the lessee is aware of the...
-
Recognition of Profit and Entries on Long-Term Contract On March 1, 2010, Chance Company entered into a contract to build an apartment building. It is estimated that the building will cost $2,000,000...
-
Haliburton Mills Inc. is a large producer of men??s and women??sclothing. The company uses standard costs for all of its products.The standard costs and actual costs for a recent period are given 2...
-
(20 points) A high school guidance counselor has scheduled one-on-one meetings today with 10 seniors to discuss their college plans. Each meeting is scheduled for 20 minutes, with the first meeting...
-
How does a car salesperson practice price discrimination? How does the ability to discriminate correctly affect his or her earnings?
-
Give some examples of third-degree price discrimination. Can third-degree price discrimination be effective if the different groups of consumers have different levels of demand but the same price...
-
(a) What is malware? (b) Distinguish between viruses and worms. (c) How do most viruses spread between computers today? (d) Describe how directly propagating worms move between computers. (e) Why are...
-
What are the efficacy and underlying mechanisms of advanced pharmacological interventions for stress management, and how can clinicians optimize treatment outcomes while minimizing potential side...
-
You are at a possible listing appointment with a new landlord when he questions your management commission fee and quotes a substantially less rate from your competitor. What communication skills...
-
Amy Lloyd is interested in leasing a new car and has contacted three automobile dealers for pricing information. Each dealer offered Amy a closed-end 36 month lease with no down payment due at the...
-
(i) Why is the role of an HR Manager so important in an organization? (ii)What are the key functions within HR? (iii)How do HR Managers motivate their staff?
-
A rod has been charged to -20nC and touches a metal sphere. Afterward, the rod has a charge of -10nC. What type of charged particle was transferred to the sphere? How many of these charged particles...
-
As it is used in line 62, the word practices most nearly means: F. Exercises. G. Habits. H. Medical offices. J. Methods of treatment.
-
Which of the following streaming TV devices does not involve use of a remote controller? A) Google Chromecast B) Apple TV C) Amazon Fire TV D) Roku
-
Consider the following table of long-run total costs for three different firms: Does each of these firms experience economies of scale or diseconomies ofscale? Quantity 1 3 456 7 Firm A $60 $70 $80...
-
Draw the cost curves for a typical firm. For a given price, explain how the firm chooses the level of output that maximizes profit. At that level of output, show on your graph the firms total revenue...
-
Does a firms price equal marginal cost in the short run, in the long run, or both? Explain.
-
The decisions from NPV and IRR will be the same except in the case of I. Non-conventional cash flows II. Mutually exclusive projects III. Cash flow sign changes more than once Option A - I, II, III...
-
Digital device a convergence b.merging O c. transference Od.compatibility is the trend of computers and devices with technologies that overlap
-
Exam 2 (Chapters 6 & 7) 8 8. Problem (2 parts) 12 points Saved Needing to raise more capital, you advised the board to issue more shares of preferred stock. The dividend is $4.60 every year, not...
Study smarter with the SolutionInn App