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liberstina [14]
3 years ago
11

Diamonds and other jewels often carry a high price to convey an image of high quality or uniqueness. This type of pricing is kno

wn as a. variable pricing. b. penetration pricing. c. skimming pricing. d. prestige pricing.
Business
1 answer:
olchik [2.2K]3 years ago
5 0
Prestige pricing is a unique pricing method involving products which would actually generate less overall profit at lower prices than higher prices. As long as the product is views by the public as being "prestigious," it will be in greater demand at the higher price. If the price were lowered, the public opinion of the product would be lower and the product would be seen as less desirable. This results in the product selling less at the lower price than at the higher price.
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If a stock split occurred, when calculating the current year's EPS, the shares are treated as issued:A. At the end of the year.B
son4ous [18]

Answer:

Correct answer is (C)

Explanation:

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3 years ago
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Molodets [167]

Answer:

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7 0
2 years ago
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The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent inc
Snowcat [4.5K]

Answer:

Optimal package size = 4 units

Optimal package price = $20

Explanation:

P = 8 - 1.5Q and C(Q) = 2.0Q, MC = 2

To obtain optimal package size, we put

Price is equal to the marginal cost, P = MC

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= 0.5[8 - 2] × 4 + 2 × 4

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