Bonds are basically also known as what?

The difference between the actual amount paid and the standard price paid to purchase an item is called a

Ksivusya [100]

Answer:

Purchase Price Variance (PPV)

Explanation:

6 0

3 years ago

. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify?

gayaneshka [121]

Answer:

Q1.

Requirements for the successful price discrimination

The following conditions must be met for price discrimination to be successful:

1.Firms must be able to control supply. I.e, there should be regulation on supply of products to avoid surplus which will force the price down

2.Firms must prevent resale of products from one buyer to another.

3.There must be a difference in price elasticities in the different markets for the product.

Yes, Dry Cleaning qualifies for price discrimination because it may be on first come first serve bases. Meanwhile, when the client needs the service urgently, the price for same service may increase which results in price discrimination.

Q2.

Other examples of price discrimination

Example of price discrimination are

1. The cost of movie tickets in a cinema: Prices at one theater are different for children, adults, and seniors. Also, the price may also vary due to preferential treatment given to VIP to watch same movie with other. Some cinema houses also give less privilege people or people with special needs such as albinos lesser prices. The prices of each ticket can also vary based on the day and chosen show time. Ticket prices also vary depending on the portion of the country as well.

2. Industries use price discrimination as a way to increase revenue. It is possible for some industries to offer retailers different prices based solely on the volume of products purchased. Price discrimination can also be based on age, location, desire for the product, and customer wage.

3.Airline travel and time of departure: Airlines charge different prices depending on the season, time of the flight and day of the week. During the peak holiday season, the prices will be higher because demand is greater and more inelastic. Airplanes also offer numerous ways to charge different prices for privileges like choosing a seat early or priority check-in. These perks are a way of extracting higher prices from those who want to pay for extras.

4.Quantity Purchased: Many sellers offer quantity discounts for bulk purchases as a way to get buyers to buy more.

Q3.

It is best left to the market to determine the price because some businesses are seasonal (i.e they are best sold based on season to season) example of such is packaging drinking water during raining season human water consumption is less because the environment is highly humid and people tends to consume lesser water. However, during dry season the sales peaked since there is much need to hydrate the system for healthy functioning of the body. So, if such business is to be regulated, the manufacturer may run at loss.

Women Pays more due to gender pricing because women clothes and hair generally take more time to work with.

8 0

3 years ago

approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the mar

anyanavicka [17]

The question is incomplete. The complete question is :

A manufacturer believes that the cost function : $C(x) =\frac{5}{2}x^2+120 x+560$ approximates the dollar cost of producing x units of a product. The manu- facturer believes it cannot make a profit when the marginal cost goes beyond $210. What is the most units the manufacturer can produce and still make a profit? What is the total cost at this level of production?

Solution :

Given the cost function is :

$C(x) =\frac{5}{2}x^2+120 x+560$

Now, Marginal cost = $\frac{d}{dx}C(x)$

So, if the marginal cost = $ 210, then the manufacturer also makes a profit and if it goes beyond $ 210 than the manufacturer cannot make a profit.

Therefore, we have to equate : $\frac{d}{dx}C(x)= \$ 210$

$\frac{d}{dx}C(x)= \frac{5}{2}(2x)+120 = 210$

$5x + 120 = 210$

$5x=210-120$

$5x=90$

$x=45$

So when x = 45, then C(x) = $ 8042.5

Therefore, the manufacturer $\text{can make up}$ to 45 units and $\text{still makes a profit.}$ This leads to a total cost of $ 8042.5

3 0

2 years ago

Luthan Company uses a predetermined overhead rate of $22.60 per direct labor-hour. This predetermined rate was based on a cost f

Anit [1.1K]

Answer:

$248,600

Explanation:

The computation of amount of manufacturing overhead is shown below:-

Amount of manufacturing overhead would have been applied = Predetermined overhead rate × Actual direct labor-hours

= $22.60 × 11,000

= $248,600

Therefore for computing the amount of manufacturing overhead we simply multiply the Predetermined overhead rate with Actual direct labor-hours

5 0

3 years ago

Disinflation is defined as a:__________

Nina [5.8K]

Answer:

Option d (reduction in the rate of inflation) is the appropriate option.

Explanation:

Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.

Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.

8 0

3 years ago