ECo401_GDB_Last_date_18_july

[+★._.• Cutie Pie•._.★]

The Case:

There are numerous beautiful buildings in the world. Taj Mahal is one of them which have been considered the master piece of Mughal art. This palace is constructed in the year 1653 in India with the order of Mughal emperor Shah Jahan to dedicate his favorite wife Mumtaz Mahal (Arjumand Bano Begum). More than 20,000 workers worked to construct Taj Mahal. Its cost was 32 million rupees at that time. If ticket sales are anything to go by, the gleaming 17th century Taj Mahal in Agra is the most popular monument in India, attracting over 2.5 million visitors a year. It attracts between 2 million and 4 million visitors annually, including more than 200,000 from overseas. A dual- pricing system is in place, with a significantly lower entrance fee for Indian citizens than for foreigners. Tickets rate are different for different people like foreigners have to pay rupees 750 and the visitors belong to SAARC countries have to pay rupees 510. On the other hand, Indian visitors pay only rupees 20 for entrance and there is no entry fee for the children who are under 15 years of age. Ticket rates are different for night visit for different people.

Requirement:

Being a student of economics, identify which degree of price discrimination is applied here and why?   plzzz discuss

[+M.Tariq Malik]

Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....

[Imtiaz Ahmad]

Tariq bhai kia is men 3rd degree ni lgni q k category banai gai idr ? 

[yasir saghir]

3RD DEGREE PD
In this type, seller charge different prices to different customers in different markets. (but here given case only belongs to indian market place so, no chance of 3rd degre PD.

[Mohammad waqas]

please send correct solution ya degree ka he bata dein

[yasir saghir]

Please read Lecture 21, handout page no 78, this will surly help u.

[shoaib hussain]

[shoaib hussain]

Seems to be a 3rd one...

[Ayesha Ahmad]

[Mohammad waqas]

its means apply 3rd degree on given condition

[Taurus]

What should be the whole answer??
Only 3rd degree?