Unit V Journal Economics for Managers
Instructions
Explain a time you encountered non-uniform pricing, or price discrimination. Identify the type of price discrimination it was. Using the criteria necessary for price discrimination, evaluate how well that good fit price discrimination. Finally, evaluate the effect such price discrimination has on you and society.Your journal entry must be at least 200 words in length. No references or citations are necessary.
Unit VI Journal Economics for Managers
Instructions
Identify a situation from your own experience that involves making decisions using expected value, and detail the different options, expectations, and payouts. Discuss the risks involved with those expectations and, if applicable, the payouts. Include in your discussion an explanation of how to determine how much information to gather to minimize uncertainty. Finally, explain which decision should be made.Your journal entry must be at least 200 words in length. No references or citations are necessary.
