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pantera1 [17]
3 years ago
5

A chocolatier produces truffles and sells each 1 pound box of truffles for $20. However, the chocolatier knows that some consume

rs would be willing to pay more than the cost of the chocolate, but less than $20 per pound, and wishes to sell truffles to these consumers as well. Which of the following price discrimination methods relies on the chocolatier knowing which types of consumers are likely to have a lower willingness to pay?
1) Offering one free box of truffles to anyone who purchases two boxes
2) Selling misshaped truffles in bulk at a price of $12 per pound
3) Offering a discount to students and seniors
4) Offering a 20% off sale on a single type of truffle each week
Business
1 answer:
Alexus [3.1K]3 years ago
4 0

Answer:<em><u> Offering a discount to students and seniors</u></em> will allow the chocolatier to know which types of consumers are likely to have a lower willingness to pay.

Here the price discrimination should be in respect with the demography i.e. allow the chocolatier to sell truffles to the consumer based on their age groups.

<u><em>The correct option is (3).</em></u>

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Assume that initially, Sam and Lisa are splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by <u>1</u>.

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