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Angelina_Jolie [31]
2 years ago
14

Sam, a third-grader, really likes to look for interesting bugs with other people during recess. Each of Sam's friends offers to

look for bugs with Sam in exchange for him playing a game that he or she likes. Bill wants to play King of the Mountain, Suzie wants to play Hopscotch, and Johnny wants to play Slaps. Sam normally likes playing with each of his friends equally. Sam offers to trade one day of King of the Mountain with Bill for one day of looking for bugs. Sam does not like to play Hopscotch, so he offers to trade Suzie one day of Hopscotch for two days of looking for bugs. Sam knows that Johnny really likes playing Slaps so, although Sam likes playing Slaps and King of the Mountain equally, he offers to trade Johnny one day of Slaps for two days of looking for bugs. Is sam's offer to suzzie price discrimination? Is sam's offer to Johnny Price discrimination?
Business
1 answer:
andre [41]2 years ago
4 0

Answer: 1. No.

2. Yes.

Explanation:

Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.

1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.

2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.

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A confidence interval (CI) is a range of scores with specific boundaries that should contain the ______ mean.
Natasha_Volkova [10]

Answer:

A confidence interval (CI) is a range of scores with specific boundaries that should contain the population mean.

Explanation:

90% confidence interval indicates that a score within the boundaries is 90% likely to represent the actual mean of the population.

8 0
3 years ago
what type of analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all fl
WINSTONCH [101]

prescriptive analytics is the  answer .

What is prescriptive analytics ?

The technique of analyzing data to decide on the best course of action is known as prescriptive analytics. This kind of analysis results in suggestions for the following stages by taking into account all pertinent aspects. Prescriptive analytics is a useful tool for data-driven decision-making as a result.

Prescriptive analytics frequently use machine-learning algorithms to process enormous volumes of data more quickly—and frequently more effectively—than people. Algorithms search through data and offer suggestions depending on a particular set of requirements using "if" and "else" expressions. For instance, the algorithm may suggest extra training if at least 50% of customers in a dataset indicated that they were "extremely dissatisfied" with your customer support staff.

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7 0
1 year ago
Suppose that a firm in a perfectly competitive industry finds that at its current output​ rate, marginal revenue exceeds the min
Ann [662]

Answer:

The firm is not maximizing its economic profits.

Explanation:

When the marginal revenue exceeds the average total cost of production, it means that the firm is having profits.

Though this profit level is not maximized. For, the profit level to be maximized the marginal cost curve should be intersecting the average total cost curve at its minimum point.

Here, the marginal cost is less than average total cost. This means that ATC is falling and is yet to reach its minimum point.

So, the firm is enjoying profit but not maximizing it.

Suppose the firm is operating at Q, the profit will be maximized at Q'.

7 0
2 years ago
Botanical Gardens Nursery has 7,500 shares of stock outstanding at a market price of $18 a share. The earnings per share are $1.
Elena-2011 [213]

Answer:

earning per share will not change as dividend is not deductible and will not affect the earning. Generally  dividend are liable to the recipient.

Explanation:

Given data:

shares of stock is 7500

market price of share is $18

earning is $1.23

total assets is 384,000

total liabilities is $146000

cash dividend is $.22 per share

earning per share will not change as dividend is not deductible and will not affect the earning. Generally  dividend are liable to the recipient.

6 0
2 years ago
If you wish to create a portfolio of stocks, what is the required minimum number of stocks?
monitta

You ought to invest in shares of a couple of corporations. You need to put money into at least 2 stocks of 1 organization.

A portfolio is a group of monetary investments like shares, bonds, commodities, coins, and cash equivalents, such as closed-end price range and change traded finances (ETFs). human beings normally trust that shares, bonds, and coins include the core of a portfolio.

A few professionals say that someplace between 20 and 30 shares are the candy spot for manageability and diversification for maximum portfolios of character stocks. however, if you appear beyond that, different research has pegged the magic quantity at 60 stocks.

As an example, stocks are a particular asset magnificence, as they may be uniquely stocks thru that you personal a slice of an employer. in the meantime, the constant-profits asset class can include bonds and certificates of deposit (CDs).

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8 0
1 year ago
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