3-4 sentences each:1. Do you agree that Apple uses the 64GB model as pricing decoy? If you were a heavy

3-4 sentences each:1. Do you agree that Apple uses the 64GB model as pricing decoy? If you were a heavy user, which one would you buy?2. A few years ago, Jose Manuel Soria, Spain’s Minister of Industry, Energy, and Tourism, announced that his department was ready to protect consumers from abusive pricing policies by gas companies. Mr. Soria added:“It cannot be the case that when international oil prices go up, then gas companies pass on these price hikes to the consumer right away; but when international oil prices go down, consumers do not profit as quickly from the declining prices…. This is embarrassing to our nation…”To a first approximation, these pricing patterns are observed in many other free-market countries.It seems that Mr. Soria is just calling attention to what everyone knows. But is Mr. Soria operating under sound economic principles? In other words, do these pricing policies make sense under basic finance/economic (free-market) postulates without a need to assume monopoly power? Hint: These markets are called “rockets and feathers.” In our case, there is asymmetric pricing because consumers are inelastic (need to consume gas every day) and producers are elastic (they would wait if they think that the price will go up).3. How can we explain asymmetric consumers’ pricing policies in commodity markets?4. How can we tell if gas companies are making abusive profits?

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more