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Alinara [238K]
3 years ago
14

You are sitting next to a person in business class on a flight from Los Angeles to Sydney, Australia. You mention to that person

that you got your ticket two months ago for only $12,500. The person responds that she bought her ticket two days ago for $7,800. This sometimes happens because airlines often use an approach called:
Business
1 answer:
ser-zykov [4K]3 years ago
4 0

Answer:

price discrimination (third degree price discrimination)

Explanation:

Price discrimination is when the same product is sold at different prices to customers in different markets

types of price discrimination

1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.

2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.  

3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students  

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Pls help!!! will give brainly!!!
enyata [817]

Answer:

I believe this would be in the Engineering and technology pathway.

Explanation:

Examples of someone in a engineering and technology pathway are people like Biomedical engineers so it makes sense!

6 0
2 years ago
A limited liability company can be held liable for any loss or injury caused by the wrongful acts or omissions of its members.
atroni [7]
That statement is true, an LLC can indeed <span>held liable for any loss or injury caused by the wrongful acts or omissions of its members.
The assets that owned by the members couldn't be held accountable in case there is a loss in the company, but in case of criminal activities, this thing could be overlooked.</span>
5 0
3 years ago
Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mil
Tom [10]

<u>Solution and Explanation:</u>

<u>Step 1 </u>

Consider the given information:

Reimbursement = 36 cents per mile

Fixed cost per year = $2,052 minus 205200 cents

Direct variable cost = 14.4 cents per mile

<u>Step 2 </u>

At the break-even point, total cost becomes equal to the total revenue.

Suppose it takes Q miles for ARto reach break-even.

Step1: Calculate the total cost of AR when the car cover Q miles, as shown below:

Total Cost = Fixed cost + Variable Cost

                 = 205,200 + 14.4 Q

<u>Step 2</u> Calculate the total revenue (reimbursement) of AR when the car covers Q miles, as shown below:

Total Revenue = Reimbursement multiply with Total miles

                       = 36Q

<u>Step 3:</u> Calculate the break-even miles for the car, as shown below:

At break-even,  Total cost = Total revenue

205,200 plus 14.4Q = 36Q

      36Q minus 14.4Q = 205,200

            21.6Q = 205,200

   Q = 205,200 divide by 21.6

    Q = 9,500 miles

Hence, AR should drive 9,500 miles to break-even.        

5 0
2 years ago
You decide to join the economics club, but this means you can't join the accounting club because it meets at the same time. Whic
asambeis [7]

The concept her is "the real cost of something is what you must give up to get it"

<u>Explanation:</u>

As we come across trade-offs it is a necessary to make decisions on the next best alternatives which is the principle of opportunity cost.

Opportunity cost is the benefits and advantages that a business entity or an individual loses on choosing one alternative decision over the other. It is calculated with the help of the following formulas,

\text{Opportunity Cost = Total Revenue - Economic profit}

Or,

\text{Opportunity cost }= \frac{\text{What one sacrifice}}{\text{What one gain}}

In economical terms, choices are measured in terms of opportunity costs.

4 0
3 years ago
Read 2 more answers
Recall our example of an investment of $100,000 in research that yields a pioneering invention that has no commercial value, and
maria [59]

Answer:

Firm A is uniquely situated to the pioneering research and firm B is uniquely situated to application development. There are significant differences arising from broad patent law and narrow patent law. Firm A conducting pioneering research and Firm B conducting development application in this situation the incentive problem is solved when transaction cost is zero. When the transaction cost is zero the breadth of the patent will not matter to the economic efficiency So long as the can bargain with each other. The bargain between inventors is cost-less and makes efficient contracts.

When the transaction cost obstructs the bargaining between the suppliers of pioneering research of and development of application problem arises. The solutions to the problem are lubricating bargaining and allocate rights to the firm who values the most.

Patent protection for the pioneering inventions should be broader for the little standalone value. In contrast patent protection for pioneering invention should be narrower for large standalone value.

Hence the above difference lies in investment from broader patent law and that of the narrower patent law.

4 0
3 years ago
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