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Alex73 [517]
2 years ago
11

Third-degree price discrimination for concessions at ball parks is not applied to adults and children because__________.

Business
1 answer:
olga_2 [115]2 years ago
6 0

Because Adults may replace products from children who can buy cheaply.

These levels of price differentiation are also known as individual pricing (tier 1 pricing), product versioning or menu pricing (tier 2 pricing), and group pricing (tier 3 pricing). .

In third-degree price discrimination, different consumer groups charge different prices for the same product. These consumer groups can be identified based on certain characteristics such as age, gender, location and time of use.

Third-class monopoly price discrimination means that monopolists charge different prices for the same product in different markets because the price elasticities of demand differ. Quite common in the market.

Learn more about discrimination at

brainly.com/question/1084594

#SPJ4

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Suppose the demand equation​ is: Upper Q equals 80 minus 0.25 p. What is the price elasticity of demand if the price is ​$40 per
mariarad [96]

Answer:

The price elasticity of demand is -0.25

Explanation:

The demand equation is given by:

Q = 80 - 0.25p

The price elasticity of demand is the same as the rate of change of Q (Quantity demanded) with respect to p (price).

The rate of change of Q with respect to p is obtained by differentiating Q with respect to p

Q = 8 - 0.25p

dQ/dp = -0.25

Therefore, price elasticity of demand = -0.25

7 0
3 years ago
Georgia Company uses the precentage of recievables method for recording bad debt expense. The accounts recievable balance is 600
lozanna [386]

Answer:

0.04 *60,0000= 2400

                                                       Debt                                     Credit

Bad debt expense                            2400

Accounts receivables                                                                     2400

Allowance for doubtful accounts     2400

Bad dent expense                                                                          2400

Explanation:

7 0
4 years ago
Fuller Company makes frames. A customer wants to place a special order for 600 frames in green with the company logo painted on
joja [24]

Answer:

The qualitative factor which Fuller will consider for this order is:

b. Cost of setup labor.

Explanation:

Answer:

The qualitative factor which Fuller will consider for this order is:

b. Cost of setup labor.  

B. Cost of setup Labor: It includes salaries that are been paid to all workers working as full time and part time  

While the number of wages and the number of employees wage requirements vary by cost controls, their industries and the center on achievment of their best results with possible lower labour costs.

As any  leader of the company knows the things related to it that, the most important and biggest cost of doing any sort of  business is often labor. Cost of labor setup, which may account for as 70% of almost total business costs which include wages of the employees,their benefits, payroll and all other taxes related to them.  

Any HR professionals spend only  their 15% of time managing the labor costs. Engaging new employees, hiring new and efficient workers and developing them over their course of their career are always top of mind for HR professionals.

So, the most important point here is the cost labors setup.

8 0
3 years ago
Which of the following is the definition of price discrimination?
Amanda [17]
Not exactly sure but I think it's D
3 0
3 years ago
Which of the following is the best definition for a monopoly? A. An industry being split among several companies to allow for co
Inessa05 [86]
B. A whole industry being owned by one company
5 0
3 years ago
Read 2 more answers
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