Answer:
Willingness to pay
Revenue
Two
Elastic
Inelastic
Explanation:
Price discrimination is when a producer or a seller charges different prices for the same product usually in different markets.
In price discrimination, a seller attempts to remove or reduce consumer surplus by charging the consumer at his willingness to pay. For price discrimination to be effective, a seller must be able to estimate the willingness to pay of consumers.
Price discrimination is successful when a seller earns higher profits when she discriminates compared to when she didn't price discriminate.
Price discrimination exists in the airline industry. One of the ways price discrimination exists in the airline industry is through charging to check bags. Customers ( people who board airplanes) are distributed into two groups- those who won't pay to check bags and those who would pay to check bags.
It is assumed that those who would pay to check their bags have a price inelastic demand because they are indifferent to paying an extra amount for their luggage.
Inelastic demand is defined as when a small change in price has no effect on quantity demanded.
While it is assumed that those who won't pay to check their bags have an elastic demand because they are unwilling to pay extra to check their luggages.
Elastic demand is when a change in price has effect on quantity demanded.
Answer:
$3,500
Explanation:
Under variable costing method, product costs are calculated on variable manufacturing costs only.
Step 1 : Determine unit Product Cost
Product Cost = Variable Manufacturing Costs
= $ 35
Step 2 : Determine the units in Inventory
Units in Inventory = Opening Stock + Production - Sales
= 0 + 7,210 - 7,110
= 100 units
Step 3 : Determine Inventory value
Inventory value = Units x Cost per unit
= 100 units x $ 35
= $3,500
Conclusion :
the ending inventory of finished goods under variable costing would be: $3,500
Answer:
2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O
Explanation:
<u>Step-1:</u>
Br₂ + NaOH → NaBrO₂ + NaBr + H₂O
<u>Step-2:</u>
Elements. LHS RHS
Br 2 2
Na 1 2
O 1 3
H 1 2
<u>Step-3:</u>
Elements L.H.S R.H.S
Br 2 × 2 4
Na 1 × 4 4
O 1 × 4 4
H 1 × 4 2 × 2
<u>Step-4:</u>
Elements L.H.S R.H.S
Br 4 4
Na 4. 4
O 4. 4
H 4 4
<u>Step-5:</u>
<u>2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O</u>
<u>-TheUnknown</u><u>S</u><u>cientist</u>
Answer and Explanation:
a. This is a fundamental risk case since there is a loss possibility. As the attack is done by the terrorists and the loss is definite in terms
b. It is a property risk as the house is damaged in a fire that resulted into a financial loss
c. It is a personal risk case as the head of the family is totally disabled that directly impact the family which leads to non-fulfillment of the financial liabilities so ultimately its an income loss.
d. It is a case of speculative as the investor purchase 100 shares that resulted in either profit or loss
e. This is a case of fundamental risk as the overflow of the river impacts the property of thousands people
f. This is a case of financial risk as the risk impacted the opposite changes in the price of the commodity, rate of interest, etc
g. It is a speculative case as the worker could either win or loss
This question is usually asked during job interviews. The interviewer wants to know what skills and knowledge do you have that will help him/her tell if the job is really suitable for you. You will just have to enumerate the technical skills you are confident on based on your experience and previous lessons.
