Answer:
Option (b) is correct.
Explanation:
There are three types of price discrimination:
(i) First degree price discrimination or Perfect price discrimination
(ii) Second degree price discrimination
(iii) Third degree price discrimination
Perfect price discrimination refers to a situation in which the selling price of the product is equal to the price that a consumer willingness to pay for the product. This is a situation in which there is no consumer surplus.
Consumer surplus = Actual price paid by the consumer - Willingness to pay for the product
Answer:
This is how the market for board games would be affected in the explanation below
Explanation:
Because the manufacturers of the board game expect that the demand for their games would experience a decline, they would have to adjust their Production according to the decline. This is going to shift supply curve to the left, because of the decline in the production. Then equilibrium price would then increase as the quantity decreases because of the shift of the supply curve to the left.
Answer: It can be deduced that it's unethical for your employees to use their work computers for personal activities?
Explanation:
What is ethics?
It should be noted that ethics simply means the principle of knowing what is right from what is wrong.
In this case, it's unethical for your employees to use their work computers for personal activities. This isn't appropriate.
Furthermore, it's ethical for you to monitor computer usage. This is necessary to checkmate the activities of the employees.
Answer:
$14.50
Explanation:
Given;
Charge for first 2 hours = $5.00 and
$0.75 for each additional half hour or part thereof.
If he parks his car for 8 hours, then the first 2 hours will be charged at a rate of $5.00
Time left to charge is 6 hours. This will be charged at a rate of $0.75
Therefore cost to Sam for parking his car for 8 hours
= (2 × $5) + (6 × $0.75)
= $10 + $4.50
= $14.50
Sam paid $14.50 for parking.
