Author Question: Some factors that allow firms to make economic profits are beyond its control. All but one of the ... (Read 59 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
Some factors that allow firms to make economic profits are beyond its control. All but one of the following is an uncontrollable factor. Which factor is controllable?
 
  A) chance events B) consumer tastes
  C) product differentiation D) input prices

Question 2

Which of the following is not an example of price discrimination?
 
  A) Unlike foreign tourists, citizens of Cambodia are exempted from paying an admission fee to the temples of Angkor.
  B) Senior citizens may purchase special fare tickets for public transportation that are not available to others.
  C) Adobe Systems offers software at discounted prices to students and faculty at K-12 and university levels.
  D) Buyers at an automotive parts store receive a discount for bulk buying because the store is able to pass on to its customers some of the lower average cost for producing large quantities.


livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

For a complete list of videos, visit our video library