FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Discuss the pricing policy of price discrimination.Provide the economic reasoning for movie theaters, airlines, and many other businesses to charge customers different prices based on

Discuss the pricing policy of price discrimination.Provide the economic reasoning for movie theaters, airlines, and many other businesses to charge customers different prices based on time of the day, age, and purchase dates. Why?

Provide an example of a price discrimination for a good or service that you considered unfair. Do you still believe that the discrimination is unjustifiable?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles A Business Perspective Financial Accounting Chapter 1-8

Accounting Principles A Business Perspective Financial Accounting Chapter 1-8

Authors: James Edwards, Roger Hermanson, Bill Buxton

1st Edition

1461088186, 978-1461088189

More Books

Students also viewed these Economics questions

Question

★★★★★
A variety of routine maintenance checks are made on commercial airplanes prior to each takeoff. A particular maintenance check of an airplanes landing gear requires an average of 15 minutes of a...

Answered: 1 week ago

Question

★★★★★
Determine transfer prices using the market price approach.

Answered: 1 week ago

Question

★★★★★
What information is needed before the sample is selected in order to have a wellplanned and reliable hypothesis test?

Answered: 1 week ago

Question

★★★★★
Tyrell Co. entered into the following transactions involving short-term liabilities in 2015 and 2016. 2015 Apr. 20 Purchased $40,250 of merchandise on credit from Loco, terms n/30. Tyrell uses the...

Answered: 1 week ago

Question

★★★★★
Lucy is planning to buy a small complex the complex will cost 1000000 and it will generate 450000 in profits over the next three years. the complex will also need 50000 in renovations during year 4....

Answered: 1 week ago

Question

★★★★★
In order to estimate the average time spent on the computer terminals per student at a local university, data were collected for a sample of 81 business students over a one-week period. Assume the...

Answered: 1 week ago

Question

★★★★★
Ratino is working on how to process criticism at work so he can influence the conversation to a solution. What is the last step in this process? Select an answer: He should assume positive intent. He...

Answered: 1 week ago

Question

★★★★★
Brad Gokool is reviewing the results of the subsequent events audit procedures. Brad is writing a report for his audit partner based on these results and will be attending a meeting tomorrow with the...

Answered: 1 week ago

Question

★★★★★
Which techniques are recommended when communicating data-informed decisions? Select all that apply. a. Defining the problem. b. Assigning blame for the problem. c. Supporting the solution with data....

Answered: 1 week ago

Question

★★★★★
To which QoS policy action is the RADIUS attribute format "bw-rpct" equivalent? bandwidth bandwidth percentage bandwidth remaining percent bandwidth allowed

Answered: 1 week ago

Question

★★★★★
Heidi has been a client for some years, operating a traditional retail business. She has now made the decision to operate online as well and seeks your advice as to undertaking online transactions....

Answered: 1 week ago

Question

★★★★★
Suppose two random variables X and Y have a joint probability density function (pdf): 1/, f(x, y) = 0, x + y 1 elsewhere 1. Find the marginal pdfs fx(x), fy (y). 2. Are X and Y independent? Justify...

Answered: 1 week ago

Question

★★★★★
6. Think of a situation where you noticed that the other person or people did not like or understand your behaviour. Examine your own intentions behind the behaviour.

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: historical reason, goal orientation, core values and top performance.

Answered: 1 week ago

Question

★★★★★
1. To understand how to set goals in a communication process

Answered: 1 week ago

Previous Question Next Question