Why is price discrimination more widely used in service industries than in product industries?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Air Transport Economics

ISBN: 9781032482538

4th Edition

Authors: Bijan Vasigh, Brian Pearce

See More Books

Question Posted: Feb 02, 2024 02:05 AM

See More Questions

1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
7. 8. Show that the grammar is Unambiguous. S-A1B A-0A |& B-0B | 1B | I Find the language given by the following grammar and construct parse tree for the sting accepted by the language. S-AB C A-aAb...
Ms. Acosta received a job as a teacher with a starting salary of $3 According to her contract, she will receive a 1.5% increase in her salary every year. How much will Ms. Acosta earn in 7 years.
You and your spouse are planning a second honeymoon to the Cayman Islands this summer and would like to have your house painted while you are away. Estimate the total cost of the paint job from the...
One of the authors of this book has a favorite sandwich shop. After observing the sandwich shops operations, this author observed that two employees were involved in every sandwich production and...
How does the information in a cover letter differ from the information in a rsum?
The post-closing trial balances of two proprietorships on January 1, 2010, are presented below. John and Calvin decide to form a partnership, John-Calvin Company, with the following agreed upon...
Dog Up ! Franks is looking at a new sausage system with an installed cost of $ 2 9 0 , 0 0 0 . This cost will be depreciated straight - line to zero over the project's 4 - year life, at the end of...
What is the main issue with average cost pricing?
Calculate the optimal markup on cost for each service, based on the following estimates of point price elasticity of demand: Passenger Type First Class Cost Elasticity $400 -1.25 -1.1 -3.5 -2.5...
The random variable x has a normal distribution with = 75 and = 10. Find the following probabilities: a. P(x 80) b. P(x 85) c. P(70 x 75) d. P(x > 80) e. P(x = 78) f. P(x 110)
Question 4 25 p J Mart is considering purchasing a new inventory control system featuring state-of-the-art technology. Two vendors have submitted proposals to supply J Mart with the new system. The...
ME 2352 Design Optimization Assignment TWO, due February 6th, 2024, 4:00 pm University of New Brunswick Department of Mechanical Engineering 1. By use of definition of linear dependency determine if:...
IKEA's People and Planet Positive sustainability plan, launched in 2012, aims to contribute to a better life for people and a better future for the planet. The plan outlines several sustainable goals...
Question 4 [25 marks] A cantilever beam AB is fixed to a wall and is subjected to concentrated and distributed loads as shown in figure B1. a) Draw the free-body diagram of the problem. [5 marks] a)...
GMC is an Australian farm machinery manufacturer, operating since 1975. The company makes high-quality farm machinery and equipment including a range of slashers, mowers, aerators, mulchers and...
Liquid octane (C8H18) enters a steady-flow combustion chamber at 25oC and 8 atm at a rate of 0.8 kg/min. It is burned with 200 percent excess air that is compressed and preheated to 500 K and 8 atm...
Swifty company is a publicly held corporation whose $1 par value stock is actively traded at $30 per share. The company issued 3400 shares of stock to acquire land recently advertised at $93000. When...
The graph below illustrates a market for cigarettes. Use it to answer the questions that follow. a. Based only on the graph, are there positive or negative externalities associated with cigarettes?...
The graph below illustrates a market for cigarettes. Use it to answer the questions that follow. a. Based only on the graph, are there positive or negative externalities associated with cigarettes?...
Provide an example of a public good and briefly describe how the good is both nonexcludable and nonrival. Will the market provide too much or too little of a public good? Why? Should the government...
Problem 12.6A (Algo) Liquidation of a partnership LO P5 Kendra, Cogley, and Mel share income and loss in a 3.21 ratio (in ratio form: Kendra, 3/6: Cogley, 2/6; and Mel, 1/6), The partners have...
Melody Property Limited owns a right to use land together with a building from 2000 to 2046, and the carrying amount of the property was $5 million with a revaluation surplus of $2 million at the end...
Famas Llamas has a weighted average cost of capital of 9.1 percent. The companys cost of equity is 12.6 percent, and its cost of debt is 7.2 percent. The tax rate is 25 percent. What is the companys...

Why is price discrimination more widely used in service industries than in product industries?

Question:

Step by Step Answer:

Price discrimination is the practice of charging different prices to different consumers for similar goods or services usually based on differing dema...View the full answer

Air Transport Economics

Students also viewed these Business questions