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Evgen [1.6K]
3 years ago
8

Suppose that your school pays one rate for the first one million kilowatts of electricity and a lower rate for any power it uses

over one million kilowatts. what economic concept is occurring here? a. perfect price discrimination b. second-degree price discrimination c. third-degree price discrimination d. economies of scale
Business
2 answers:
Rama09 [41]3 years ago
8 0

Answer:

The correct answer is letter "B": second-degree price discrimination.

Explanation:

Price discrimination occurs when a company charges different customers different prices for the same goods or services. The different price charges to a different group must be justified by the amount of effort required. There are three degrees of price discrimination. In the second-degree discounts are given for products or services acquired in huge amounts.

Serhud [2]3 years ago
3 0

Answer: b. second degree price discrimination

Since the school pays a different rate for the first million kilowatts consumed and a lower rate for any consumption over a million kilowatts, second degree price discrimination is at play.

When corporations or businesses sell the same product to different customers at different prices, with a view to maximize profits, price discrimination is said to occur.

There are three types of price discrimination -

First Degree price discrimination

Second Degree price discrimination

Third Degree price discrimination

First degree price discrimination occurs when the supplier sells the goods at a price the customer is willing to pay for the good.

Second Degree price discrimination occurs when the supplier establishes slabs for different quantities of goods sold. In this case, the supplier will offer a higher per unit cost for lower quantity of goods, and a lower per unit cost for a higher quantity of goods

Third degree price discrimination occurs when a firm is able to clearly divide its markets into segments. The products are positioned in each segment in a different manner.

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Using the ob concepts and tools that best suit the situation is called a(n) ___________ to management.
worty [1.4K]

Using the ob concepts and tools that best suit the situation is called a(n) <u>contingency approach</u> to management.

<h3>What is a contingency approach?</h3>

This approach to management is also known as the situational approach and holds that there is no single or textbook rule for the best way to manage an organization..

Most time, the contingency approach to management is based on the idea that there is no single best way to manage the resources.

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8 0
2 years ago
The property appraisal district for Marin County has just installed new software to track residential market values for property
Mama L [17]

Answer:

Equivalent annual cost = $16,502.89

Explanation:

Equivalent annual cost = Present Value of cost / Annuity factor

Present value of cost:

PV of additional cost  =50,000 ×1.05^(-10)=30,695.66

PV of maintenance cost

First four years= 5,000×  (1-1.05^(-4))/0.05=17,729.75

From year 5 to infinity = (8,000/0.05)× 1.05^(-4)=131,632.39

PV of maintenance cost =  17,729.75  + 131,632.396= 149,362.14

PV of costs = 150,000 + 30,695.66 + 149,362.14= 330,057.8112

Annuity factor = 1/r = 1/0.05= 20

Equivalent annual cost = 330,057.8112 /20=$16,502.89

Equivalent annual cost = $16,502.89

4 0
3 years ago
Wire rope rigging equipment slings must have the ability to bend without cracking, withstand abrasive wear, and withstand abuse.
horrorfan [7]
Very true, If it weren't to do this, it would defeat its purpose.
4 0
3 years ago
Read 2 more answers
ABC Company insured its building on a replacement cost basis for $700,000 under a property insurance policy that included an 80%
Rama09 [41]

Answer:

$35,000

Explanation:

Given that

Insurance = $700,000

Sustained cost = $40,000

Replacement cost = $1,000,000

Policy = 80%

The computation of amount eligible for payment is as shown below:-

Insurance required = Cost of building × Co insurance

=$1,000,000 × 0.80

= $800,000

The amount eligible for payment = (Insurance Carried ÷ Insurance Required) × Loss

= $700,000 ÷ ($1,000,000 × 80%) × ($40,000)

= $700,000 ÷ $800,000 × $40,000

= 0.875 × $35,000

= $35,000

3 0
3 years ago
What factors are important in predicting change in price?
OLEGan [10]
Demand for the product,the season the product is in or if its outdated
4 0
3 years ago
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