Q:
An airline company charges a high price for aflight that leaves on a Wednes day and returns that Friday, and
it charges a low price fora flight that leaves on a Friday and returns: on Sunday. In this market, business
travelers like to be home by the weekend, and leisure travelers are flexible on the dates they go, Why does
the airline company charge a low price for the version that leaves on a Friday and returns on Sunday?
because this is favorable for leisure travelers, who won't have to skip work
because this is favorable for business travelers, who have to travel for work
because leisure travelers have a higher reservation price when it comes to flights
because business travelers are more price sensitive when it comes to flights
Q:
An airline company wants to charge high prices to business travelers while charging lower prices to leisure
travelers because__ travelers typically have higher reservation prices, while___ travelers are price
sensitive.
business; business
leisure; leisure
business; leisure
leisure; business
Q:
All of these are forms of group pricing discrimination EXCEPT:
cell phone companies offering discounts for all customers.
books being cheaper in India than in the United States.
an internet company charging lower prices for residential than for business ser
a hardesser charging more for women's haircuts than for men's.
Q:
A big box store offering to sign you up for free as a rewards member that gets occasional discounts if you fill
out two sheets of information is considered a type of hurdle because:
your current service is inferior.
there is group pricing for members.
there is a financial cost for the reward.
there is a time commitment needed to join.
Q:
Haggling is one of the most annoying parts of buying a car, but that's precisely the point, because:
customers with a low marginal benefit avoid the hassle of haggling.
haggling is a specific type of group pricing.
customers with a low reservation price are less likely to haggle.
haggling is the hurdle you have to leap over to get a low price.
Q:
When a movie theater charges different prices for children, students, seniors, and other adults, it is a
supplier selling four different goods. It sells tickets in the market for students to see movies, as well as
tickets in the separate markets for children, seniors, and other adults. How should the quantity sold in eac
market be determined?
by applying the Rational Rule for Sellers
until the marginal revenue is less than the marginal cost
based on the individual supply curves for each group
by selling equal quantities for each group
Q:
When haggling for an item such as a lot of land, your goal as a savvy buyer should be to convince the seller
that you have a:
low reservation price.
high reservation price.
low marginal revenue.
(1) high marginal benefit.
Q:
One of the useful rules of thumb for setting different prices for each group is to charge ___ prices to
groups that
lower; have a higher marginal benefit
higher; have a higher marginal benefit
higher; are especially price sensitive
lower; value your product more
Q:
Seorang pengusaha memiliki modal sebesar Rp420.000.000,00 dan membaginya
dalam tiga bentuk investasi, yaitu tabungan dengan suku bunga \( 5 \% \), deposito
berjangka dengan suku bunga 7\%, dan surat obligasi dengan pembayaran \( 9 \% \). Adapu
total pendapatan tahunan dari ketiga investasi sebesar Rp26.000.000,00 dan
pendapatan dari investasi tabung lebih Rp2.000.000,00 dari total pendapatan dua
Q:
One grocery store (store 1 ) sells all pastas at \( \$ 10 \) a box. Another store (store 2 ) is trying to use price
discrimination. The second store sells linguini for \( \$ 15 \) and mac-and-cheese boxes for \( \$ 6 \). If store 1 sells 50
boxes of linguini and 50 boxes of mac-and-cheese, while store 2 sells 40 boxes of linguini and 70 boxes of
mac-and-cheese, which store has more revenue and by how much?
store \( 2 ; \$ 20 \)
store \( 1 ; \$ 20 \)
store \( 1 ; \$ 1,000 \)
store \( 2 ; \$ 1,020 \)
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