Answer:
The answer is b) people who have a more inelastic demand for amusement parks.
Explanation:
For this price discrimination strategy, amusement parks are aiming at people who are more willing to come to the amusement park to spend more hours at the park and does not care about entry price as much as other people who are not normally willing to visit the park; instead, may be take a try for one or two hours at the end of the day at deep discounted price.
So, high price will be charged to people less care about entry price, in other works their demand for the amusement parks is relatively more inelastic to other people.
Thus, b is the right choice.
Answer and Explanation:
a)
If you charge $40 for X then everyone will buy as everyone is willing to pay atleast $40. this means all three groups buy that is 3*1000 buyers.So profit from X = 3000*40= $120,000
And since everyone is willing to willing to pay atleast $60 for Y again all three groups will buy so profit from Y =3000*60=$180,000
profits=$300,000
b)
If you charge $90 and $160 for X and Y respectively you will have only 1000 buyers for each product as others are unwilling to pay this much.
So profits = 1000*90 + 1000*160=$250,000
c)
for a bundle of X and Y buyers are willing to pay a total of $150, $210 and $200 across the three categories.
So everyone will buy a bundle of 1 X and 1 Y.
profits = 150*3000= $450,000
d)
If you charge $210 only the second will buy as they are willing to pay that much so profits =1000*210=$210,000
Also by selling X at $90 group 1 will buy X; profits=1000*90=$90,000
and by selling Y at $160 group 3 will buy Y; profits=1000*160=$160,000
total profits =$460,000
Answer:
Message encoding.
Explanation:
Communication can be defined as the process of conveying information from one person or location to another. Communication can also be described as the transmission of messages through signs, pictorial representation, verbal means.
Encoding can be defined as the process in which an idea is transformed in a communicable message and then transmitted through various channels such as television, radio, internet.
Message encoding involves sending messages to the receiver in comprehensible words.
Answer:
He would receive $15 under incentive plan.
Explanation:
The given values are:
Average observed time
= 280 seconds per unit
Performance rating
= 105%
i.e.,
= 1.05
Allowance factor
= 13%
i.e.,
= 0.13
So,
⇒ 
On putting the estimated values, we get
The available time will be:
= 
= 
Now,
The Standard production per day will be:
= 
= 
= 
Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.
So that he's going to get:
= 
= 
($)
