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3 years ago

When looking at a firm's behavior, you know it is engaging in price discrimination when it:__________

Business

1 answer:

Andreas93 [3]3 years ago

3 0

Answer:

a. charges a different price to different customers that is not reflective of the firm's costs.

Explanation:

The price discrimination strategy occurs when an organization charges a different price to different customers that does not reflect the company's costs, that is, the company divides its potential customers into groups, usually based on customer perceptions and characteristics and demographic data to evaluate which group of customers is willing to pay more or less for a particular product or service.

This is a strategy that can be favorable for companies to charge a maximum price for their product knowing that it will be accepted, but it is effective in large companies that have a high position in the market.

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Help please!!!! will mark brainlest!!

alina1380 [7]

Answer:

For centuries the guideline for business transactions was the Latin term “caveat emptor” (let the buyer beware). This principle suggests that the seller is not responsible for the buyer’s welfare. In other words such principle gives the buyer the sole responsibility for checking the quality and suitability of the goods that he is buying from the seller before making a final purchase.

6 0

3 years ago

Suppose that a local supermarket sells apples and oranges for 50 cents apiece, and at these prices is able to sell 100 apples an

dezoksy [38]

Answer:

e. price elasticities of demand for apples and oranges are the same over these price ranges

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Price elasticity = percentage change in quantity demanded / percentage change in price

Percentage change in price = (50-40) / 50 = 0.2 × 100 = 20%

Percentage change in quantity demanded of Apples = (120 - 100) / 100 = 0.2 × 100 =

20%

Percentage change in quantity demanded of oranges = (240 - 200) / 200 = 0.2 × 100 = 20%

Price elasticity of demand for oranges = 20% / 20% = 1

Price elasticity of demand for Apples = 20% / 20% = 1

When coefficient of elasticity is equal than one, elasticity of demand is unit elastic.

This implies that the elasticity of demand for Apples and oranges are the same. A change in the price of oranges and apples would lead to the same proportional change for each of the demand for Apples and oranges.

I hope my answer helps you

7 0

3 years ago

Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,

ale4655 [162]

Answer:

I will use the 2020 tax schedule since recovery rebate credit applies to 2020:

Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $64,000 + $12,000 + $500 = $76,500

they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)

contribution to IRA = ($2,500)

alimony payment = ($1,500) the divorce agreement was settled on 2005

Marc and Michelle's taxable income = $48,100

Marc and Michelle's tax liability = $1,975 + [12% x ($48,100 - $19,750)] = $5,377

Interests on municipal bonds is not taxable.

The amount of taxes that they owe = $5,377 - $3,500 (federal tax withholdings) = $1,877

Refundable tax credits:

$2,000 in child tax credit

$2,900 in recovery rebate credit

total = $4,900

taxes payable or refund = tax liability - refundable tax credits = $1,877 - $4,900 = -$3,023.

Marc and Michelle should get a refund for $3,023

4 0

3 years ago

A product that requires no new behaviors be learned by consumers is a a. continuous innovation. b. discontinuous innovation. c.

Karo-lina-s [1.5K]

Answer:

Continuous innovation

Explanation:

When products can undergo changes without the consumer learning new behaviours, it is called continuous innovation.

On the other hand discontinuous innovation is also called disruptive innovation, and involves consumers learning new skills when using the product.

An example of continuous innovation is in the television industry where revision sets have been upgraded from black and white to coloured, flat screen sets, and so on.

6 0

3 years ago

If an appeal is disputed, some insurance payers may use a(n) . are claims that have not yet completed the claims processing cycl

Anastasy [175]

1. Peer review - your physician can appeal a peer review, in other words they can call in and speak to an associated physician at the insurance company to deliberate medical needs.

2. Open/Pending claims - claims that have not yet accomplished the claims processing cycle. Open claims may have been lately submitted, re-submitted, or drew; whatever the situation, they have not been accomplished.

3. Medicare and mediaid records should be retained for at least 5 years.

4. Explanation of benefits - is a proclamation issued by a health insurance firm to their insured entities enlightening what medical actions/ services remunerated for on their behalf.

5. Financial Responsibility Form - this refers to money you are accountable for paying to someone when you cause indemnities or wounds in an accident.

6. Encounter Form – a main constituent in precise billing and collections. They document services given by taking the analysis and procedure codes, which help as the foundation for billing and receipt of imbursement for services.

7. Third Party Payers - Any group, public or private, that recompenses or protects health or medical expenses on behalf of recipients or beneficiaries, for example commercial insurance companies, Medicare, and Medicaid.

8. Hippa - it stands for Health Insurance Portability and Accountability Act. It is a federal rule that arrays a national standard to safeguard medical records and other personal health data.

9. Claims Log – it is just simply known as catalogue of claims.

10. Appeal - If your health insurer declines to recompense a claim or ends your coverage, you have the right to appeal the choice and have it studied by a third party. Appeal is a serious or urgent request.

6 0

3 years ago