33. Rodrigo gets a $1.00 discount by buying Cheerios on the end of the aisle that have a store coupon. Olivia buys the same sized Cheerios at the regular price in the cereal section. Is this price discrimination? True False
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Rodrigo gets a $1.00 discount by buying Cheerios on the end of the aisle that have a store coupon. Olivia buys the same sized Cheerios at the regular
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- 1) What kind of consumer behavior is second-degree price discrimination based on? Need relevant examples. 2) Explain the role of price elasticity of demand in applying third-degree price discrimination.Use appropriate graphs to support the case.Q3) How is peak-load pricing a form of price discrimination? Can it make consumers better off? Give anexample.Please solve Fast i give 2 like The managers of Movies Plus, a large movie theater, want to practice third-degree price discrimination. The managers have learned that college students have an own price elasticity of demand of 1.5 for tickets at Movies Plus and adults have an own price elasticity of 1.2. If the managers have correctly determined the third-degree profit-maximizing price for adults is $15, what is the third-degree profit-maximizing price to charge students? Group of answer choices (1)$13.50 (2)$10.00 (3)$7.50 (4)$8.50
- Genovia has experienced exceptional growth in recent years. Its GDP per capita (orIncome) has increased from around $30,000 to $50,000 in last 5 years. Over theperiod quantity demanded of personal cars has increased from 450,000 units per yearto 600,000 units. Quantity demanded of public transport, however, has declined from10,000 buses to 7,000 buses. Calculate income elasticity of demand and tell whichproduct is a normal good and which one is inferior.Imagine you've started a new pizza restaurant. It costs you about $6 to produce a pizza. Last week you sold 500 pizzas for $12 each. This week you raised your price and sold 375 pizzas for $14 each. What price should you be charging? (round to the nearest penny) Using Inverse elasticity pricingThe practice of posting a discrete schedule of declining prices for different ranges of quantities. Select one: a. First-degree price discrimination b. Fourth degree price discrimination c. Third-degree price discrimination d. Fifth degree price discrimination e. Second-degree price discrimination.
- What is price discrimination? Explain how the theories of elasticity, if used, can help suppliers make decisions on product prices.List and explain the three kinds of pricing methods. Give an advantage and a disadvantage for each method.7. Traditional taxi operates with a fixed fare structure but ride-hailing apps use surge pricing with variable pricing. In particular, the fares can increase significantly during peak periods. Some commuters complain that surging pricing during peak periods harms consumers' interest. Do you agree? Explain in full sentences using supply and demand graphs for rides.
- Fill in the blanks for each price-quantity combination listed in the following table. What relationship have you depicted? Price P Q Elasticity Total Revenue $9 1 $8 2 ________ ___________ $7 3 ________ ___________ $6 4 ________ ___________ $5 5 ________ ___________ $4 6 ________ ___________ $3 7 ________ ___________ $2 8 ________ ___________ I'd like full answer, i really appreciatedDraw pictures to describe how consumer surplus is changed by sucessful third-degree price discrimination. Please provide with explanationAnswer each of the questions on your paper and/or in a computer file. To receive credit, youmust show all work. The price elasticity of demand for business air travel is -0.75 and for nonbusiness air travel is-1.50. a. Give an interpretation of the price elasticity of demand for business air travel. b. In what category does the price elasticity of demand for nonbusiness air travel fall? c. Show graphically how airlines could use third-degree price discrimination in thiscase.
