Question
A. X college charges $20k per semester for tuition, room, and board. But most students receive scholarships and the scholarships vary between $,1000 and $20,000.
A. X college charges $20k per semester for tuition, room, and board. But most students receive scholarships and the scholarships vary between $,1000 and $20,000. The amount of the scholarship offered is based upon the student's academic merit and their family's financial status. This is an example of what ?
1 - First degree price discrimination
2 - 2nd degree price discrimination
3 - 3rd degree price discrimination
4 - Peak load pricing
B. Tommy runs a food truck where he sells burgers. If you buy 1 burger, you pay $3.00 Tommy charges $2/piece if you buy a second, third, or fourth hot dog. (so you pay $9 for 4 burgers). He then charges $1.50/piece for the 5th through tenth burgers. (So you pay $12 for six burgers and $15 for 8 burgers). This is an example of what :
1 - first degree discrimination
2 - second degree discrimination
3 - third degree discrimination
4 - Block pricing is not a type of price discrimination
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