1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
velikii [3]
2 years ago
8

Nick and Teresa are debating the pricing strategy of several airlines. Nick argues, "When airlines restrict discounted tickets t

o people who book well in advance and stay over on a Saturday, it is not price discrimination, because the restrictions have nothing to do with individual buyers' willingness to pay." However, Teresa says, "The airlines' stay-over restrictions are a form of price discrimination, because they roughly split the market into two separate groups that are willing to pay two different amounts. Economists generally agree with Eric or Kate?
Business
1 answer:
Scilla [17]2 years ago
5 0

Answer:

Nick and Teresa are debating the pricing strategy of several airlines. Nick argues, "When airlines restrict discounted tickets to people who book well in advance and stay over on a Saturday, it is not price discrimination, because the restrictions have nothing to do with individual buyers' willingness to pay." However, Teresa says, "The airlines' stay-over restrictions are a form of price discrimination, because they roughly split the market into two separate groups that are willing to pay two different amounts. Economists generally agree with Eric or Kate?

Economists would agree with Teresa.

Explanation:

Generally, economists would agree with Teresa because her argument is correct since by using stay over on a Saturday restriction, Airlines can divide the market based on their readiness to pay and is thus able to tap both markets.

You might be interested in
As the President of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
ivanzaharov [21]

Answer:

B. Information management

Explanation:

Information management refers to managing the sources of information that a company uses, and distributing the information received to the internal users. It involves identifying information needs, developing information services, and distributing and using that information.

3 0
3 years ago
Scenario 5 Guemmer Specialty Foods can produce their famous cherry pies at a rate of 1650 cases per day (this is the daily produ
Arturiano [62]

Answer:

c) Annual set up cost= $9878.04

Explanation:

<em>Economic batch quantity (EBQ) is also known as economic production run, It is the optimum production run that a manufacturer should operate to minimize set up cost and carrying cost. </em>

<em>Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production</em>

Annual inventory cost = = Set up cost per  run×   Annul demand / EBQ

<em>Annual demand / the economic production run(EBQ)</em>

It is calculated as follows:

Economic batch quantity =√2× Co× D / Ch(1-D/P)

Where ,

D - annual demand - 62,500

Ch -holding cost per unit per annum - $11.50

Co- set up cost - $320

Production rate  = 1650 units per day  × 250 days =412,500 units

<em>Economic batch quantity</em>

= √(2× 320× 62,500) / (11.50× (1- 62500/412500) )

=2024.69 units

<em>Annual set up cost</em>

= Set up cost per run ×   Annul demand / EBQ

= $320×  62,500/2024.69

Annual set up cost= $9878.04

6 0
2 years ago
Use the following two links to answer the following questions: Nominal Wages (W) Price index CPI (P) a) (5 points) Calculate the
g100num [7]

Answer:

3.45%

Explanation:

the real wage at the beginning of the recession (12/07) = nominal wage / price index Dec. 2007 = $17.70 / 2.1141 = $8.3721

the real wage at the end of the recession (6/09) = nominal wage / price index June 2009 = $18.53 / 2.14527= $8.6609

% change in real wage = [($8.6609 - $8.3721) / $8.3721] x 100 = 3.44955% = 3.45%

Due to the recession, the price index changed less than the nominal wages since the inflation rate was very low. It is normal that during recessions, specially severe ones, the inflation rate decreases or even turns negative (what happened in Europe in those years).

3 0
3 years ago
EFG Company experienced a reduced demand for its products during a recession. EFG managers were considering laying off some work
Yuliya22 [10]

Answer:

A) experience rating.

Explanation:

In Insurance, An experience rating is a rating method used by the insurance company to calculate workers' compensation insurance and to determine the amount of loss that an insured party experiences compared to the amount of loss that similar insured parties experienced.

EFG Company's managers could use it to calculate their experience modification factor i.e premiums up or down.

7 0
3 years ago
How many times can you watch brainly ads until it blocks you out for the day
Zolol [24]

Answer:

like 5

Explanation:

i think

6 0
3 years ago
Other questions:
  • Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i
    8·1 answer
  • While examining a patient, you notice that her top teeth have a diastema. this condition is a result of ----being attached to cl
    15·1 answer
  • Anna and ben are up for the same promotion at work. when it comes time to make a decision, the management committee chooses ben
    7·2 answers
  • Naylor Company had $154,200 of net income in 2016 when the selling price per unit was $155, the variable costs per unit were $95
    14·2 answers
  • On December 31, 2012, Albacore Company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock di
    8·1 answer
  • Businesses are using​ ________ development to create applications for shopping​ carts, user​ authentication, search​ engines, an
    6·1 answer
  • Which of the following sales and collection process activities can result in the creation of an account receivable? Receiving a
    10·1 answer
  • Cypress Exports would like to establish retail outlets in​ Mongrovia, a​ quasi-democratic African country with a growing middle
    12·1 answer
  • Consider the telecommunications, networking, and wireless technologies you use today as a consumer and student. Does your comfor
    11·1 answer
  • Investors select a stock based on the cash they expect to receive from that stock. that cash comes in the form of?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!