Answer: Income segmentation
Explanation: In simple words, it refers to a strategy in which the organisation divides its customers on the basis of their monthly or annual income. This is usually followed by organisations that produce high price products.
In the given case, Gliropn holidays is targeting the individuals having income more than $100,000 for their product.
Hence we can conclude that they are doing income segmentation of the market.
Answer:
<h2>The answer in this instance, would be option a. or $365.</h2>
Explanation:
- In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
- Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
- Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.
Answer:
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Explanation:
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Answer:
a consumer surplus of $10 and Tony experiences a producer surplus of $190.
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
$340 - $330 = $10
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
$330 - $140 = $190