Answer:
d. at least two different markets with different price elasticities of demand
Explanation:
The theory of microeconomics about price differentiation is based on the concept of elasticity of demand. Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
For price discrimination to take place, the offeror must be able to sell the same product at different prices to at least two different groups. This will depend on the price elasticity of consumer demand for the good in each of the markets. Thus, if one group is less elastic than the other, the offeror will be able to sell the goods at different prices.
An example: air market. Consumers are often more price sensitive when traveling for tourism than for business. Thus, a higher price may be charged to executives. which has lower price elasticity of demand than tourists.
Answer: $259000
Explanation:
Based on the information provided in the question, the amount of cash provided by operating activities that should appear on a statement of cash flows would be:
Net income = $230,000
Add: Depreciation expense = $22,000
Add: Rent = $7000
Total = $259,000
Answer:
The answer is: C) lose because he will not be able to prove reliance on the misrepresentation.
Explanation:
In order for Larson to be able to rescind the contract, he would have to prove that he had reasonable reliance that Robert Redford owned that specific car. Reasonable reliance refers to a person believing something to be a fact, which any other person could reasonably believe in as well.
But exactly how could he prove that someone else might also believe that the car was previously owned by Robert Redford? I find it very doubtful that he can prove that.
Answer:
$14,400
Explanation:
The computation of the net operating income in the planning budget is shown below:
= Total revenue - total fixed cost - total variable cost
= (4,800 × $31.30) - $21,600 - (4,800 × $23.80)
= $150,240 - $21,600 - $114,240
= $14,400
The energy that is transformed that takes place of you lifting a chair is gravity at least I think.
