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vodomira [7]
3 years ago
12

A tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be v

iewed as a practice of ______.
A. Perfect first-degree price discrimination
B. Imperfect first-degree price discrimination
C. Second-degree price discrimination
D. Third-degree price discrimination
E. None of the above
Business
2 answers:
Sonbull [250]3 years ago
7 0

Answer:

Third-degree price discrimination

Explanation:

Price discrimination is defined as the phenomenon where a single supplier of goods and services charges different prices in different markets on the same product.

Third-degree price discrimination occurs when different prices are charged to different customers for the same product. Customers are grouped by age, sex, location, and time of use.

In the given instance discrimination was based on age. One price was given for children and another for adults.

This is a very common type of price discrimination.

Snowcat [4.5K]3 years ago
5 0

Answer:

Option D is correct.

Third-degree price discrimination

Explanation:

tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be viewed as a practice of <u>Third-degree price discrimination.</u>

Third Degree Price Discrimination involves charging a different price to different groups of consumers for the same good. These groups of consumers can be identified by particular characteristics such as age, sex, location, time of use.

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Incomplete question. Here's the remaining question;

A. It is a two-party instrument.

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C. It is always payable on demand.

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Answer:

C

Explanation:

Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.

Therefore, an individual has a sense of security using checks to receive payments.

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3 years ago
The continual process by which managers actively encourage, stimulate, and support employee commitment to the company, the compa
vekshin1

Answer:

Internet marketing

Explanation:

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5 0
3 years ago
From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whateve
kakasveta [241]

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

Given that,

Savings desired = $1500

Monthly expenses = $600

Let money earned by her every hour be x

No. of scheduled work hours = 80

So,

Total money earned for the month = 80 × x

= 80x

As we know,

Money left = Total money earned - expenses

= 80x - $600 ...(i)

A.T.Q.

Money left must be = $1500

Then, by putting the variables in equation (i), we get

80x - 600 = 1500

Now, solving for  x

80x - 600 = 1500

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_______________

80x = 2100

x = 2100/80

∵ x = 26.25

Thus, the required sales are $ 26.25 per hour or ( 26.25 × 80 = $2100) for the month of September.

Learn more about 'savings' here:

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4 0
3 years ago
Asarta Inc. is polluting into a nearby fishing stream; doing so benefits them $40,000 a year. The fishermen are unhappy as their
IceJOKER [234]

Answer:

a. Asarta Inc. could pay the fishermen $8,500 and keep polluting  

Explanation:

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Due to pollution emitted by company into stream, their catch is dwindling and also their income.

The company benefits from usage of stream to the tune of $4,000 a year.  In such scenario, if company compensates the fishermen for any amount between $8,000 and $40,000 then, in that case, optimal solution to the problem can be achieved in absence of any other transaction cost as per the Coase Theorem.

Therefore, The Asarta Inc. could pay the fishermen $8,500 and keep polluting.

4 0
3 years ago
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HACTEHA [7]

Answer:

Explanation:

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