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

Author Question: In a product line extension A) a constant price elasticity of demand is assumed. B) a firm ... (Read 79 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
In a product line extension
 A) a constant price elasticity of demand is assumed.
  B) a firm introduces different products and lets buyers self-select themselves into different groups.
  C) is able to identify different markets at very low costs.
  D) demand is assumed to be elastic

Question 2

To practice second-degree price discrimination
 A) different markets must be able to communicate with each other.
  B) different markets must have the same number of customers.
  C) similar markets must have similar elasticities.
  D) different markets must have different elasticities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


FButt

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
Wow, this really help

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Range of Motion of the Knee Joint: Flexion, Extension, and Hyperextension Range of Motion of the Knee Joint: Flexion, Extension, and Hyperextension
Continuous, Absorption Line, and Emission Line Spectra Continuous, Absorption Line, and Emission Line Spectra
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
A new drug development time line with the four phases of drug approval. A new drug development time line with the four phases of drug approval.
Gently squeeze the tissues along the eyebrow line between your thumb and forefinger. Begin at the ... Gently squeeze the tissues along the eyebrow line between your thumb and forefinger. Begin at the ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library