This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose Dublin Electronics charges regular customers 90 for a Blu-ray player but allows senior ... (Read 85 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Suppose Dublin Electronics charges regular customers 90 for a Blu-ray player but allows senior citizens to purchase the same item for 75. Is this likely to be a successful price discriminating strategy?
 
  A) No, because there are many different brands of Blu-ray players and consumers will shop around.
  B) Yes, because senior citizens are likely to have a more elastic demand and therefore will be willing to pay a lower price compared to regular customers.
  C) Yes, firms price discriminate to maximize profits.
  D) No, price discrimination will not be effective because the store cannot prevent senior citizens from buying large quantities of Blu-ray players and reselling them for a profit.

Question 2

A consumer's budget constraint is
 
  A) the limited income that a consumer has to spend on goods and services.
  B) the extent to which one's preferences are limited by one's income.
  C) the price ratio a consumer faces in the marketplace.
  D) the rate at which the consumer must give up one good to purchase an additional unit of the other goods in the market.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


EY67

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

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?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Headless football player Headless football player
Electric Charges Electric Charges
A pump showing regular with a pump octane of 87, plus rated at 89, and premium rated at 93. These ... A pump showing regular with a pump octane of 87, plus rated at 89, and premium rated at 93. These ...
Many gasoline service stations have signs posted warning customers to place plastic fuel containers ... Many gasoline service stations have signs posted warning customers to place plastic fuel containers ...
Notice how clean the engine appears. This is a testament of proper maintenance and regular ... Notice how clean the engine appears. This is a testament of proper maintenance and regular ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library