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Author Question: Theatres charge lower prices for a matinee and usually don't accept coupons for the night showing of ... (Read 54 times)

rmenurse

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Theatres charge lower prices for a matinee and usually don't accept coupons for the night showing of movies because
 
  A) consumers that attend the matinee have a higher price elasticity of demand.
  B) consumers that attend the night show have a lower price elasticity of demand.
  C) it increases profits compared to charging a single price.
  D) All of the above.

Question 2

When firms price discriminate they turn ________ into ________.
 
  A) producer surplus; revenue
  B) consumer surplus; profit
  C) total cost; profit
  D) producer surplus; consumer surplus


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kjohnson

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rmenurse

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Reply 2 on: Jul 1, 2018
Excellent


alvinum

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Reply 3 on: Yesterday
Wow, this really help

 

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