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 36 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
Excellent

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Random, regular, and clumped distributions. Random, regular, and clumped distributions.
One version of a bump cap is a molded plastic insert worn inside a regular cloth cap. One version of a bump cap is a molded plastic insert worn inside a regular cloth cap.
A spark tester looks like a regular spark plug with an alligator clip attached to the shell. This ... A spark tester looks like a regular spark plug with an alligator clip attached to the shell. This ...
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
A pool player is attempting a fancy shot. He hits the cue ball giving it a speed of 5.57 m/s ... A pool player is attempting a fancy shot. He hits the cue ball giving it a speed of 5.57 m/s ...
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library