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KIM [24]
11 months ago
5

when a club store (like costco) charges an annual membership, but sells goods at extremely low prices, it is using what economis

ts call a: a excise tax. b inferior good strategy. c two-part tariff. d profit minimizing strategy. e coupon strategy.
Business
1 answer:
Law Incorporation [45]11 months ago
4 0

When a membership store (like Costco) costs an annual membership, however sells items at extraordinarily low expenses, it's miles the usage of what economists name a: Price discrimination.

The required details for Price discrimination in given paragraph

Price discrimination is a promoting approach that costs clients specific expenses for the identical service or product primarily based totally on what the vendor thinks they are able to get the consumer to agree to. In natural fee discrimination, the vendor costs every consumer the most fee they may pay.  Companies exercise fee discrimination in an effort to maximize profits. Since a huge marketplace normally consists of many kinds of purchasers, fee discrimination lets in groups to provide a excessive fee to well-off purchasers and a low fee to the maximum fee-touchy purchasers.

Price discrimination is practiced primarily based totally on the vendor's notion that clients in sure businesses may be requested to pay greater or much less primarily based totally on sure demographics or on how they cost the service or product in question.

To know about Price discrimination in given link

brainly.com/question/25565797

#SPJ4

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Answer:

Explanation:

United States is producing 200 tons of hamburgers and 60 tons of tacos.

United States' opportunity cost for producing 1 ton of hamburgers

= \frac{60}{200}

= 0.3

United States' opportunity cost for producing 60 tons of tacos.

= \frac{200}{60}

= 3.33

So we see that US has a lower opportunity cost in producing hamburgers, so it has a comparative advantage in producing hamburgers.

Mexico is producing 40 tons of hamburgers and 50 tons of tacos.

Mexico's opportunity cost of producing a ton of hamburgers

= \frac{50}{40}

= 1.25

Mexico's opportunity cost of producing a ton of tacos

= \frac{40}{50}

= 0.8

So we see that Mexico has a lower opportunity cost in producing tacos, so it has a comparative advantage in making tacos.

Since US specializes in making hamburgers, it will produce 200 tons of hamburgers and 0 tons of tacos.

Mexico specializes in making tacos, it will produce 50 tons of tacos and 0 tons of hamburgers.

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Explanation:

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Explanation:

The Journal entry is shown below:-

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        To Salary expense                    $324,750

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(Being closing of salary expense is recorded)

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Which of the following may occur as a result of a increase in the price of cell phones?
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I would say a
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