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Andreyy89
3 years ago
10

Price discrimination requires that different customers have different levels of price sensitivity and that:A. the cost of produc

tion is different for every customer. B. marginal costs are falling. C. supply is contant. D. customers cannot resell the product amongst themselves.
Business
1 answer:
Natalija [7]3 years ago
5 0

Answer:

Customers cannot resell the product amongst themselves.

Explanation:

Price discrimination can be defined as a pricing strategy which involves selling a particular product at different prices. It can also be described as how organizations charge each customer different amount of prices for the same good or service, this is typically based on how much a particular customer is ready to pay for the product.

The following are the requirements for price discrimination:

- Organizations must prevent the resale of the product by separating the market.

- Seller should ensure to control the supply of the product.

- Price elasticity must be different.

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Consider the following scenarios. Determine whether each of the following would generate a substitution effect, an income (wealt
Mariulka [41]

Answer:

a) subtitution effecrt as the opportunity cost for consuming Doritos increased therefore, a portion of the demand in this market will steer into other like Lays.

b) wealth effect the consumption will increase as we are given an extraordinary income

c) income effect. As the income decrease, the consumer preferences may lead to consume inferior good rather than normal good or normal goods and cut-off luxury goods.

Explanation:

4 0
3 years ago
Current news and politics is full of concern about the environment, particularly as it is related to oil use and the auto indust
alina1380 [7]

Answer:

It is true that raising gasoline prices (either by producing less of it, or by adding taxes) would reduce gasoline use. The concept of price elasticity of demand can helps us explain why.

Explanation:

A good can be either elastic or inelastic depending on its price elasticity of demand. A price elasticity of demand of less than 1 is considered inelastic, while a price elasticity of demand higher than 1 is considered elastic.

Elastic goods are those whose quantity demanded falls or rises more than the price. Inelastic goods are those whose quantity demanded falls or rises less than the price.

Gasoline is a inelastic good in the short-term because even with a price hike, most people will still buy gasoline because they need to move around. However, in the long-term, gasoline becomes more elastic because people replace their buy electric cars, or cars that use less fuel, etc.

What this tells us is that raising gasoline prices can reduce gasoline use in the long-term.

A built-in injustice in this measure is that it affects the poor disproportionally. Poor people also need cars to get around, and a rise in the gasoline price means that they have less money for other basic needs.

8 0
3 years ago
Equipment that cost $660,000 and has accumulated depreciation of $300,000 is exchanged for equipment with a fair value of $480,0
Dmitriy789 [7]

Answer

A. 48.000

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
8 0
3 years ago
Use the below information to answer the following question.
lianna [129]

Answer:

$2,253.35

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $48,900

total sales = $42,700

$ Δ sales = $5,978

current liabilities = $3,650

profit margin = net income / sales = 0.129

forecasted sales = $48,678

dividends payout ratio = dividends / net income = 0.35

EFN = [($48,900/$42,700) x ($5,978)] - [($3,650/$42,700) x ($5,978)] - [0.129 x $48,678 x (1 - 0.35)]

EFN = $6,846 - $511 - $4,081.65 = $2,253.35

7 0
3 years ago
July August September Expected sales $490,000 $540,000 $580,000 Abet's cost of goods sold is 60% of sales dollars. At the end of
ycow [4]

Answer:

Purchases= $330,000

Explanation:

Giving the following information:

Sales:

August $540,000

September $580,000

Abet's cost of goods sold is 60% of sales dollars.

Abet wants a merchandise inventory balance equal to 25% of the following month's expected cost of goods sold.

<u>To calculate the purchases for August, we need to use the following formula:</u>

Purchases= sales + desired ending inventory - beginning inventory

Purchases= (540,000*0.6) + (580,000*0.6)*0.25 - (540,000*0.6)*0.25

Purchases= 324,000 + 87,000 - 81,000

Purchases= $330,000

8 0
3 years ago
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