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Serhud [2]
3 years ago
5

Which of the following is not a condition of price discrimination? a. The seller must be a price searcher. b. The seller must be

able to distinguish between customers willing to pay different prices. c. It must cost the seller more to service some customers than others. d. Reselling the product must be extremely costly or must not be possible
Business
1 answer:
mixas84 [53]3 years ago
6 0

Answer:

c. It must cost the seller more to service some customers than others.

Explanation:

Price discrimination is when a producer is able to differentiate prices and take advantage of its consumers' surplus.

A price searcher is someone who can influence their prices to change, price discrimination is not possible without being a price searcher.

The seller must also be able to distinguish between different customer groups if not individual customers, hence the distinguish is a must for price discriminators.

Reselling the product must be expensive and hard other wise economic agents would buy the products where there is a lower price and take advantage by selling where differentiated price is high.

However point C, is conditional and it may actually not cost the seller any additional costs to charge different prices.

Hope that helps.

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Andrew found a stone in his yard and took it to Brad, a jeweler, for evaluation. Although Brad knew what the stone was, he told
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Answer: c. can be voided based upon fraud in the inducement .

Explanation:

Brad knew exactly what kind of stone it was that Andrew had and yet proceeded to lie about it in order to induce a sale at a much lower price than the actual worth of the jewel .

The contract is therefore voidable because the Brad committed fraud by lying and obtaining the diamond at $50 under false pretenses. Andrew should therefore drag him to the Courts of law to face justice.

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The organization must first understand what skills are needed to effectively respond to an incident. If necessary, management mu
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Dave has forty acres where he grows corn and soybeans. he also has five milk cows and some chickens. dave sells organic milk and
laila [671]

Answer:

B) chapter 12

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3 years ago
Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is:
natima [27]

Answer:

0.8; 0.2; $360; 90%; 10%

Explanation:

Linear equation for consumption is as follows:

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Marginal propensity to save = 1 - Marginal propensity to consume

MPS = 1 - 0.8

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Therefore, consumption is $360.

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= Consumption ÷ Income level

= 360 ÷ 400

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= 90%

We know that income is either consumed or saved, therefore,

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Average propensity to save ( APS):

= Savings ÷ Income level

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3 years ago
To determine the outcomes of the HR functions at Veranda International, several top-level managers suggest conducting a formal r
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The correct answer is:  HR audit.

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