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Valentin [98]
3 years ago
10

Should senior citizens, students, and children be allowed to pay cheaper prices for goods and services

Business
1 answer:
Damm [24]3 years ago
6 0

Answer:

Price discrimination

Explanation:

Price discrimination refers to a marketing tactic in which the seller invoice different prices to clients for the identical type of product or service they are offering to the customers

While on the other hand, In pure price discrimination, the seller charges the maximum price from each customer

Therefore in the given situation, here price discrimination should be used

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If the lawsuit had been for a higher amount (at least $75,000), then the case could have been tried by a federal court.

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3 years ago
Marginal cost is equal to the options:
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Answer:

B) change in average total costs divided by the change in output.

Explanation:

Marginal cost is the extra cost incurred for the production of an additional unit of output after breakeven.  At the breakeven point, fixed costs have been absorbed. Any additional production will incur variable costs . Marginal costs will, therefore, comprise direct labor, direct material, and a small proportion of fixed costs, such as administration and selling costs.

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Marginal cost is compared with marginal revenue when deciding whether to increase production or not.

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3 years ago
Governments encourage and promote its country's exports primarily because
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Governments encourage and promote its country's exports primarily because it creates jobs and foster economic prosperity. Export of goods often requires involvement of customs authorities that’s why country with most favored nation status usually exports into the granting country at lower customs duty rates than other companies.
4 0
3 years ago
Suppose the firm faces a price of ​$49​, an average variable cost of ​$26​, and has an average fixed cost of ​$5. In the​ short-
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Answer:

A) can cover all its​ costs, ⇒ C) and will have a profit per unit of ​$18.

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