A pricing schedule is a function that maps the quantity of a good purchased to the total price paid.
Types of pricing schedulesedit
Linear Pricing Schedule - A pricing schedule in which there is a fixed price per unit, such that where total price paid is represented by T(q), quantity is represented by q and price per unit is represented by a constant p, T(q) = pq [1]
Nonlinear Pricing Schedule - Nonlinear pricing is a pricing schedule in which quantity and total price are not mapped to each other in a strictly linear fashion[2]
Affine Pricing - An affine pricing schedule consists of both a fixed cost and a cost per unit. Using the same notation as above, T(q) = k + pq, where k is a constant cost.[3]
pricing, schedule, pricing, schedule, function, that, maps, quantity, good, purchased, total, price, paid, types, pricing, schedules, editlinear, pricing, schedule, pricing, schedule, which, there, fixed, price, unit, such, that, where, total, price, paid, rep. A pricing schedule is a function that maps the quantity of a good purchased to the total price paid Types of pricing schedules editLinear Pricing Schedule A pricing schedule in which there is a fixed price per unit such that where total price paid is represented by T q quantity is represented by q and price per unit is represented by a constant p T q pq 1 Nonlinear Pricing Schedule Nonlinear pricing is a pricing schedule in which quantity and total price are not mapped to each other in a strictly linear fashion 2 Affine Pricing An affine pricing schedule consists of both a fixed cost and a cost per unit Using the same notation as above T q k pq where k is a constant cost 3 References edit Linear Pricing Schedule Nonlinear Pricing Affine Pricing nbsp This economics related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Pricing schedule amp oldid 953002976, wikipedia, wiki, book, books, library,
