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aleksklad [387]
3 years ago
14

Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique for the

highest possible price customers are willing to pay. Tom is engaging in _____, and this leads to _____ consumer surplus.a) perfect price discrimination; very highb) perfect price discrimination; zeroc) imperfect price discrimination; very highd) imperfect price discrimination; zero
Business
1 answer:
Hunter-Best [27]3 years ago
4 0

Answer:

Option (b) is correct.

Explanation:

There are three types of price discrimination:

(i) First degree price discrimination or Perfect price discrimination

(ii) Second degree price discrimination

(iii) Third degree price discrimination

Perfect price discrimination refers to a situation in which the selling price of the product is equal to the price that a consumer willingness to pay for the product. This is a situation in which there is no consumer surplus.

Consumer surplus = Actual price paid by the consumer - Willingness to pay for the product

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Jim recently graduated from college. His income increased dramatically;from$5000 a year to $60,000 a year. Jim decides that inst
weeeeeb [17]

Answer: d. ​The car is a normal goods for Jim

Explanation: if an individual's income goes up by a certain percentage or amount and, in response, the quantity demanded of good rises by rises in response to the income increase, such good can be considered a normal good. It is also defined as such good for which the income elasticity of demand is positive but less than one. This is the same scenario that has happened with Jim. His demand for better automobile increased as a result of an increase in his income.

4 0
3 years ago
What is most often used in the classroom to decrease behaviors that are being maintained by teacher attention?
Eva8 [605]

Answer:

Extinction.

Explanation:

Extinction is a technique used by Applied Behavioral Analysis (ABA) that corresponds to the interruption and elimination of the reinforcement of negative behavior whose central objective is to cause undesirable behaviors to be totally eliminated or not to occur again.

So there are criticisms about this discipline technique, as it is considered that the ideal is to present a substitution behavior in addition to just eliminating the negative behavior, since n extinction only positive behaviors are reinforced, and negatives ignored.

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3 years ago
Hey I need help please
Rashid [163]
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5 0
3 years ago
Under what economic system do all businesses operate only as directed by the government?
Sergeu [11.5K]
<span>hello there your answer would be communism</span>
7 0
2 years ago
Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indente
Crazy boy [7]

Answer:

The following are the adjusting entries and the amounts entered are supposed and imaginary.

Explanation:

Date          Account Titles and Explanation        Debit          Credit

Mar. 31          Supplies Expense  Dr                    10,000

                          Supplies Account  Cr                                 10,000

When supplies are expensed out. If supplies have a balance of 30000 and 10000 is used up.

Mar. 31         Depreciation Expense  Dr             5000

                    Accumulated Depreciation  Cr                        5000

Depreciation expense amounts to 5000 for the current year

Mar. 31      Unearned Service Revenue Dr      3000

                         Service Revenue      Cr                         3000

Unearned Service Revenue is a liability of the person or company.

Mar 31.   Salaries and Wages Expenses  Dr      2000

                                Cash      Cr                                     2000

Slaries and wages paid in full by cash to 2000

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3 years ago
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