Examlex
List eight points a knowledge worker should consider to avoid ethical issues before making a work-related decision.
Perfect Price Discrimination
A pricing strategy where a seller charges the maximum possible price for each unit consumed that the buyer is willing to pay.
Consumer Surplus
The difference between the potential total payment by consumers for a product or service and the actual total payment they make.
Producer Surplus
The difference between the amount that producers are willing and able to sell a good for and the actual amount they receive.
Price Elasticity
An indicator of the degree to which demand for a product reacts to variations in its price, showing how sensitive the demand for the good is to price alterations.
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