Answer:
The correct answer is the option E: divides a market into distinct groups that have heterogeneous needs.
Explanation:
To begin with, the concept known as <em>''segmentation''</em>, in the field of marketing and in the business world, comprehends the process of dividing a market into different groups that have similar needs inside those groups but heterogenous needs among the groups and therefore the process focus in letting the company knows who its target audience actually is and so it can focus only in producing a good that will satisfy that group entirely. Moreover, there are different types of segmentation, such as demographic, geographic, etc.
Answer:
Third-degree price discrimination.
Explanation:
Third-degree price discrimination is when a seller charges different prices to different groups of people. This price discrimination can be based on age , occupation, sex eye
First degree price discrimination is when a sellers charges different prices to consumers based on their willingness to pay. This type of discrimination aims to eliminate consumer surplus.
Second degree price discrimination is when a sellers gives discounts for different quantities purchased. E.g. bulk purchases.
I hope my answer helps you
A related party transaction
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Answer:
The customer should buy more of good X.
Explanation:
Marginal utility is the additional satisfaction derived from spending an additional unit of money on a commodity.
In the scenario above, since more additional satisfaction is derived from purchasing good X than it is derived from purchasing good Y, then more of good X should be purchased, because this is clearly the commodity that offers more satisfaction.
Therefore, in order for utility to be maximized, more money should be spent on more of good X.
Given how vast economics is, it may seem challenging to come up with good questions for an economics lesson. However, you can come up with intriguing queries about the past, present, or future of economics.
A degree option called an economics major looks at issues like wealth distribution, incentive systems, and resource allocation. Undergraduate degrees that are helpful for various career routes as well as graduate and professional study in areas like business management, law, and public affairs all benefit from an understanding of economics. Students frequently start their studies by building a strong foundation in calculus, microeconomics, and macroeconomics so they may get more research opportunities.
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