A restaurant offers fajitas for $14 at lunch and $18 at dinner. This is which type of price discrimination? 1st degree 4th degree 2nd degree 3rd degree
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30.
A restaurant offers fajitas for $14 at lunch and $18 at dinner. This is which type of
1st degree
4th degree
2nd degree
3rd degree
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- 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 FalseQ) Price Discrimination: (short Answer) Why do airlines charge different fares for the same flight?Complete the table below Quantity TC TVC AFC ATC MC AVC 1 200 2 100 3 20 4 240 5 24 6 660 160 2. What conditions should exist for price discrimination?
- not copy paste Explain and discuss how monopoly pricing targets to capture consumer surplus. In your answer cover the followings: a) What kind of consumer behavior is second-degree price discrimination based on? Support your answer with relevant examplesS 2 Fiona has a monopoly on motorboat rentals on Nantucket Island during the summer. She can rent five boats per week at $21,000 each. If she wants to rent six, she can only charge $20,000 each. a. The price effect of renting the sixth motorboat is: $_____ b. The quantity effect of renting the sixth motorboat is: $_____ c. The marginal revenue of renting the sixth motorboat is: $_____Complete the table attached. Quantity TC TVC AFC ATC MC AVC 1 200 2 100 3 20 4 240 5 24 6 660 160 b. What conditions should exist for price discrimination.
- A woman complained to “Dear Abby” that a laundry charged $1.25 each to launder and press her husband’s shirts, but for her shirts—the same description, only smaller—the laundry charged $3.50. When asked why, the owner said, “Women’s blouses cost more.” Abby suggested sending all the shirts in one bundle and enclosing a note saying, “There are no blouses here—these are all shirts.” Is the laundry practicing price discrimination, or is there really a $2.25 difference in cost? Assuming the laundry is engaging in price discrimination, why do men pay the lower price and women the higher? Could the laundry continue to separate markets if people followed Abby’s advice? What about the policing costs associated with separating the markets?Article: BIZ Community. 2023. Innovative sustainability trends give South Africa's coffee industry a caffeine kick, 21 June 2023. [Online]. Available at: https://www.bizcommunity.com/Article/196/87/239424.html# [Accessed 23 January 2023]. Q.4.1 Defend the use of third-degree price discrimination by Tribeca Coffee when entering new markets. Note: you are required to provide at least two (2) application points. Q.4.2 Identify two (2) common errors in pricing that Tribeca Coffee could be potentially exposed to when entering Ethiopia and recommend ways for the business to minimise the impact of such errors. Q.4.3 Tribeca Coffee has decided to invest in its own fleet of vehicles to move its product across the SADC region. Explain how the business can capitalise on opportunities and minimise the impact of challenges in transportation technology.Is this a form of price discrimination? Why? Include in your analysis differing levels of elasticity, if relevant, and any other feature. Why would an airline use this practice? Provide a dollar and cents example. The airlines caught up with this scheme and ended it. What principal of price discrimination did the students violate so as to end it?
- 6.2. The Economist. First-time subscribers to The Economist pay a lower rate than repeat subscribers. Is this price discrimination? Of what type?Which of the following statements about price discrimination is FALSE? Question 17Answer a. Price discrimination is inconsistent with perfect competition b. 1st degree price discrimination always results in an efficient outcome c. None of the statements are false d. Price discrimination typically improves efficiency e. 3rd degree price discrimination always results in an efficient outcome
