A firm selling in two markets is practicing price discrimination Selected Answer: b. when it is charging different consumers different prices and the price difference is not based upon cost differences. Question 2 4 out of 4 points To maximize profit a price discriminating firm should Selected Answer: d. both a and c Question 3 0 out of 4 points If a firm is selling a product in two markets, A and B, and the marginal revenue in A is $25 and the marginal revenue in B is $20, the firm should Selected Answer: a. charge a higher price in A where MR is higher Question 4 4 out of 4 points
The ability of a monopoly to charge a price that exceeds marginal cost depends on Selected Answer: the price elasticity of demand. Question 5 4 out of 4 points The next 2 questions refer to the following: A news magazine offers students a discount on the regular subscription rate. The total number of subscriptions is optimal, and, at the current prices, the marginal revenue from the last subscription sold to a student is $6, while the marginal revenue from the last subscription sold to a regular customer is $10. In order to maximize profit, the magazine should Selected Answer: offer students a lower discount (raise the price to students).
Question 6 4 out of 4 points If the magazine sells one more subscription to a regular customer and one less subscription to a student: Selected Answer: profit will increase $4 Question 7 0 out of 4 points In order to maximize profit, a firm producing two goods that are related in consumption should choose the levels of output at which Selected Answer: total marginal revenue equals the marginal cost of each good. Question 8 4 out of 4 points Gus has 20 acres of land in cultivation and is currently planting both soybeans and peanuts. The last acre planted in soybeans yielded 20 bushels, and the last bushel of soybeans added $0.
The Term Paper on English Sample Question Paper
Question Paper Design SA 2 English Communicative Classes IX & X Code No. 101 The design of the question papers in English Communicative for classes IX & X has undergone a few changes. They are as under: Section A –Reading: 20 marks (Question 1-4) In the existing scheme of the question paper Students answer questions based on four unseen passages carrying five marks each –all the ...
50 to Gus’s total revenue. The last acre planted in peanuts yielded 10 bushels and the last bushel of peanuts added $1 to Gus’s total revenue. Gus: Selected Answer: is maximizing profit. Question 9 4 out of 4 points Answer the following 5 questions based on the following situation: Black Diamond Tennis & Golf Club offers golf and tennis memberships to the residents of Black Diamond, Ohio, in which there are two types of families: golf-oriented families and tennis-oriented families. There are 100 golf-oriented families and 100 tennis-oriented families in Black Diamond.
Forecasted demand prices for golf and tennis memberships by family type are given below. There is no way to identify family types for pricing purposes, and all costs are fixed so that maximizing total revenue is equivalent to maximizing profit. Demand Prices (willingness to pay) for Golf and Tennis Memberships Type of family Tennis membership only Golf membership only Tennis-oriented $150 $50 Golf-oriented $75 $200 If Black Diamond Tennis & Golf Club plans to offer golf and tennis memberships separately, what prices should be charged for each kind of membership if Berkely wishes to maximize profit? Selected Answer:
either b or c Question 10 4 out of 4 points How much total revenue can be generated each month under the pricing plan in the previous question? Selected Answer: $35,000 Question 11 4 out of 4 points The conditions are right for bundle pricing to increase profit at Black Diamond Tennis & Golf Club because Selected Answer: Both b and c Question 12 4 out of 4 points What is the optimal price to charge for a bundled tennis and golf and tennis membership? Selected Answer: $200 Question 13 0 out of 4 points How much revenue will bundle price in the previous question produce for Black Diamond Tennis & Golf Club?
The Essay on Sports And Media Events Into Time Frames While The Website
Mass Media Comparison Assignment I am going to do my comparison between the network of ESPN and ESPN's website. Both of these types of media are things that I use, and use quite often. For sports lovers' around, these medias supply the true answers to get all the days's ports and highlights. The sports station called ESPN (Entertainment Sports Production Network) is a channel that provides views ...
Selected Answer: $27,500 Question 14 0 out of 4 points Mega Media Cable Scenario: Mega Media Cable TV is able to purchase an exclusive right to sell a premium sports channel in its market area. Let’s assume that Mega Media pays $100,000 a year for the exclusive marketing rights to the sports channel. Since Mega Media has already installed cable to all of the homes in its market area, the marginal cost of delivering the sports channel to subscribers is zero. The manager of Mega Media needs to know what price to charge for the sports channel service to maximize her profit.
Before setting price, she hires an economist to estimate demand for the sports channel. The economist discovers that there are two types of subscribers who value premium sporting channels. First are the 3,000 die-hard sports fans who will pay as much as $150 a year for the new channel. Second, the premium sports channel will appeal to about 20,000 occasional sports viewers who will pay as much as $25 a year for a subscription to it. Refer to Mega Media Cable Scenario: If Mega Media Cable TV is unable to price discriminate, what price will it choose to maximize its profit, and what is the amount of the profit?
Selected Answer: d. price = $150; profit = $400,000 Question 15 4 out of 4 points Mega Media Cable Scenario: Mega Media Cable TV is able to purchase an exclusive right to sell a premium sports channel in its market area. Let’s assume that Mega Media pays $100,000 a year for the exclusive marketing rights to the sports channel. Since Mega Media has already installed cable to all of the homes in its market area, the marginal cost of delivering the sports channel to subscribers is zero. The manager of Mega Media needs to know what price to charge for the sports channel service to maximize her profit.
Before setting price, she hires an economist to estimate demand for the sports channel. The economist discovers that there are two types of subscribers who value premium sporting channels. First are the 3,000 die-hard sports fans who will pay as much as $150 a year for the new channel. Second, the premium sports channel will appeal to about 20,000 occasional sports viewers who will pay as much as $25 a year for a subscription to it. Refer to Mega Media Cable Scenario: If Mega Media Cable TV is able to price discriminate, what would be the maximum amount of profit it could generate?
The Essay on Sports Public Relations Staff Media Day
Public Relations in Athletics " If industry is to be successful in dealing with public opinion... it must learn the language of the people, it must consider the study of public opinion as important as any phase of its operations. It must recognize that public opinion can be measured, and utilize the increasingly scientific methods developing today for gauging it' (Ross) PR today, has undergone a ...
Selected Answer: b. $850,000 Question 16 0 out of 4 points Mega Media Cable Scenario: Mega Media Cable TV is able to purchase an exclusive right to sell a premium sports channel in its market area. Let’s assume that Mega Media pays $100,000 a year for the exclusive marketing rights to the sports channel. Since Mega Media has already installed cable to all of the homes in its market area, the marginal cost of delivering the sports channel to subscribers is zero. The manager of Mega Media needs to know what price to charge for the sports channel service to maximize her profit.
Before setting price, she hires an economist to estimate demand for the sports channel. The economist discovers that there are two types of subscribers who value premium sporting channels. First are the 3,000 die-hard sports fans who will pay as much as $150 a year for the new channel. Second, the premium sports channel will appeal to about 20,000 occasional sports viewers who will pay as much as $25 a year for a subscription to it. Refer to Mega Media Cable Scenario: What is the deadweight loss associated with the non-discriminating pricing policy compared to the price discriminating policy?
Selected Answer: b. $450,000 Question 17 4 out of 4 points A multimarket price discriminator sells its product in Florida for three times the price it sets in New York. Assuming the firm faces the same constant marginal cost in each market and the price elasticity of demand in New York is -2. 0, the demand in Florida Selected Answer: c. has an elasticity of -1. 2. Question 18 0 out of 4 points The WildTimes Bar offers female patrons a lower price for a drink than male patrons. The bar will maximize profit by selling a total of 200 drinks per night.
At the current prices, male customers buy 150 drinks, while female customers buy 50 drinks. The marginal revenue from the last drink sold to a male customer is $1. 50, while the marginal revenue from the last drink sold to a female customer is $0. 50. The bar Selected Answer: d. is maximizing profit; should keep selling 150 drinks to male customers and 50 drinks to female customers. Question 19 0 out of 4 points A drugstore offers a discount on prescriptions to senior citizens. This suggests that the absolute value of elasticity of demand for senior citizens is Selected Answer:
The Report on Ethiopian Law Regarding Business Organizations: Analysis on Selected Questions
Ethiopian Law Regarding Business Organizations: Analysis on Selected Questions Business Law By: Aklilu Gebretsadik Addis Ababa University School of Commerce Department of Marketing Management Feb. 1, 2013 Addis Ababa 1, Mention in detail, at least ten essential, points which must be included in partnership agreement. Answer The 1960 Commercial Code of Ethiopia states the following to be included ...
a. greater than one. Question 20 4 out of 4 points At many municipal golf courses, local residents pay a lower fee to play than other golfers do. One necessary condition for the golf course to be able to successfully price discriminate according to residency is that Selected Answer: a. they can check the identification cards of golfers. Question 21 4 out of 4 points Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets is most likely an example of Selected Answer: d. actual cost differences. Question 22 4 out of 4 points
Coupons represent a form of price discrimination because they offer a low-cost way for firms to Selected Answer: a. identify customers with apparently more elastic demand and offer them a lower price. Question 23 4 out of 4 points Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as P = 5 – 0. 5Q, where P is the price in $ per hour and Q is hours per month. The firm faces a constant marginal cost of $1. If the firm will charge a monthly access fee plus a per-hour rate, the monthly access fee will equal
