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3 years ago

When a movie theater charges a lower ticket price for senior citizens and/or students, the movie theater is engaging in_________

Business

1 answer:

MariettaO [177]3 years ago

8 0

Answer:

b) third-degree price discrimination.

Explanation:

The price gouging happens on prices when is carried out by the seller, goods, services or goods to a higher level than what is considered acceptable or fair and potentially considered unethically. This usually occurs after a demand or supply shock. Common examples include price increases for basic needs after hurricanes or other natural disasters.

First-degree discrimination (perfect price discrimination) appears when a business charges the maximum possible price for each unit consumed because prices are diverse among some units. In this case, where a company charges a different price for every good or service sold.

Second-degree price discrimination is the concept in which a company charges a different price when there are demands for different quantities consumed, such as quantity discounts on bulk purchases.

Third-degree price discrimination is the case in which a company charges a different price to different consumer groups. This is the type of most common type of price discrimination. If we see in the question there is given distinctive ticket price offers to senior citizens and/or students. That’s why we should choose third-degree price discrimination.

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Employers can try to overcome the moral-hazard problem involving their employees by:

BartSMP [9]

Answer:

Option D

Explanation:

In simple words, moral hazard refers to the situation when an individual do not act with full responsibility due to the fact that any loss from their behavior will be borne by some third party.

Thus, by assessing the employees before employment by a test will help to decide the employer if the individual is worthy of the job or not. Thus, efficient employees will be selected and less mistakes will occur.

5 0

3 years ago

Joe Henry's machine shop uses 2 comma 480 brackets during the course of a year. These brackets are purchased from a supplier 90

LuckyWell [14K]

Answer:

The EOQ is 242 units

Explanation:

Economic Order Quantity: The Economic order quantity is that quantity which is to be produced by minimizing the ordering cost and the carrying cost

The computation of the economic order quantity is calculated by applying the formula which is shown below:

= $\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost per order}}{\text{Holding cost per bracket}}}$

= $\sqrt{\frac{2\times \text{2,480}\times \text{\$18.25}}{\text{\$1.55}}}$

= $242 units

The Economic order quantity should always be expressed in units.

The other items which are mentioned are irrelevant. Hence, ignored.

3 0

3 years ago

Which of the following is true about development? Group of answer choices It involves the movement, over generations, of the bul

leonid [27]

Answer: It involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries

Explanation:

Development involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries. Technology is also influenced by technological change.

The least developed countries have most of their populations employed in the primary sector like agriculture and haven't completed the transition from manufacturing to services and have not yet entered the information age.

5 0

3 years ago

10 POINTS! What is the best way to get buissness (in this case dog walking) in a really small town? PLLLLLLLLLZ HELP!

AysviL [449]

Make posters, put up signs, or tell people what your doing. So, people know that you exist and you are making a business

8 0

3 years ago

You are considering an investment in a mutual fund with a 4% load and an expense ratio of 0.5%. You can invest instead in a bank

irakobra [83]

Answer:

a. r > 8.69%

b. r > 7.225

Explanation:

Missing question "b. hat annual rate of return must the fund portfolio earn if you plan to invest for 6 years to be better off in the fund than in the CD?"

Mutual fund wealth index after N years = (1 - front load)*(1+r-expenses)^N

CD wealth index after N years = (1+rate)^N

a. Investment for 2 years

(1 - front load)*(1+r-expenses)^N = (1+rate)^N

(1 - 0.04)*(1+r-0.005)^2 = (1+0.06)^2

0.96*(1+r-0.005)^2 = 1.1236

(1+r-0.005)^2 = 1.17041667

We remove square from both sides

(1+r-0.005) = 1.17041667^(1/5)

(1+r-0.005) = 1.08185797

r = 1.08185797 - 1 + 0.005

r = 0.0869

r = 8.69%

r > 8.69%

b. If investment is for 6 years

(1 - front load)*(1+r-expenses)^N = (1+rate)^N

(1 - 0.04)*(1+r-0.005)^6 = (1+0.06)^6

0.96*(1+r-0.005)^6 = 1.41851911

(1+r-0.005)^6 = 1.47762408

We remove square from both sides

(1+r-0.005) = 1.47762408^(1/6)

(1+r-0.005) = 1.06723648

r = 1.06723648 - 1 + 0.005

r = 0.07223648

r = 7.22%

r > 7.225

7 0

3 years ago