trategy underlying price discrimination is to reduce per-unit cost by charging higher prices to those with the most inelastic demand and lower prices to those with the most elastic demand. to charge everyone the same price but limit the quantity they are allowed to buy. to charge higher prices to customers who have good substitutes available to them and lower prices to customers without many substitutes available to them.. to increase total revenue by charging higher prices to those with the most inelastic demand for the product and lower prices to those with the most elastic demand.

A farm purchased in 2000 for \( \$ 1 \) million was valued at \( \$ 3 \) million in 2008. If the farm continues to appreciate at the same rate (with continuous compounding), when will it be worth \( \$ 14 \) million? Find a function \( \mathrm{A}(\mathrm{t}) \) that gives the current value of the farm. \( \mathrm{A}(\mathrm{t})=\square \) (Type an exact answer.)

laptop has a listed price of \( \$ 520.99 \) before tax. If the sales tax rate is \( 6.75 \% \), find the total cost of the laptop with sales tax included. ound your answer to the nearest cent, as necessary. \$ \( \square \)

Find the present value of \( \$ 7,000 \) to be received in 5 years, if money may be invested at \( 7.2 \% \) with interest compounded continuously. The present value is \( \$ \square \). (Round to the nearest cent as needed.)

camera has a listed price of \( \$ 779.98 \) before tax. If the sales tax rate is \( 9.75 \% \), find the total cost of the camera with sales tax included Round your answer to the nearest cent, as necessary. \$ \( \square \)

What is the approximate balance after 20 years? Choose the correct answer below. \( \begin{array}{ll}\text { A. } \$ 200 & \text { B. } \$ 400 \\ \text { C. } \$ 100 & \text { D. } \$ 10 \\ \text { b) About how fast is the balance increasing after } 20 \text { years? } \\ \text { Choose the correct answer below. } \\ \begin{array}{ll}\text { A. } \$ 5 / y e a r & \text { B. } \$ 200 / y e a r \\ \text { C. } \$ 20 / y e a r & \\ \text { c) Use the answers to parts a) and b) to determine the interest rate. }\end{array} \\ \text { The interest rate is } \square \% .\end{array} \)