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Choose the correct answers from the drop-downs below: A. Versus simple pricing, price discrimination will generally lead to: [ Select ] consumer surplus and [
Choose the correct answers from the drop-downs below: A. Versus "simple" pricing, price discrimination will generally lead to: [ Select ] consumer surplus and [ Select ] |producer surplus. B. Book publishers often produce two different versions of a book: a hard cover copy (that is nicer and more sturdy, and costs $12.00 to produce), and a paperback version (that is less durable and costs only $10.00 to produce). However, when setting prices, the average price of a hard cover book is $15 more than for the paperback version. This is most likely because: [ Select ] C. For each of the situations below, select the "advanced" pricing strategy that would probably be most feasible & effective for the company described. I. Some customers to your doughnut shop (the only one around) buy and eat a lot of doughnuts each month, and are quite sensitive to the price of a doughnut, while others only do so occasionally as a special treat. [Select ] Il. While it can't tell on sight who is who, the local roller rink knows that working professionals (who can rarely come during the day) have less elastic demand for roller skating than do students, senior citizens, and others not working (who can come during the day). [ Select ] Ill. Wiley is a publisher of many college textbooks. The company knows that there is a very active secondary market for textbooks, with many copies of their most popular titles available used at any point in time. [Select ]
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