For each example, select the type of price discrimination (first degree, second degree, third degree, intertemporal, two part tariff, peak load pricing) that is being used. A firm charges each consumer their reservation price A tennis pro charges $15/hour for lessons for children and $30/hour for lessons for adults Amazon Prime charges $12.99/month plus the price of all goods purchased.  A firm charges only $0.25 more for a large soda than a small soda.  A firm charges more for electricity used during the day than at night.

Q: Which of the following is an example of second-degree price discrimination? an airline company that…

A: Price discrimination refers to the practice of charging different prices to different consumers.

Q: The figure to the right illustrates a restaurant's demand for early-bird meals (D,) and the demand…

A: Profit maximizing firm produces output at the point where the marginal revenue is equal marginal…

Q: Samantha Tylan Mikayla Simran Printed textbook $70 $80 $20 $40 Code for online resources Bundle $20…

A: The marginal cost is the extra cost that a firm has to incur when it undertakes the production of an…

Q: There are two movie theaters in the town of Harkinsville: Modern Multiplex (Firm 1) and Galaxy (Firm…

A: GIVEN      Q1 =125 -  3.5P1 + 2P2 and Q2 =125 - 3.5P2 + 2P1

Q: Discuss at least 1 pricing practice that is illegal or unethical

A: Mostly, different firms engage in competition to reach their targets, which enables the customers to…

Q: Normally, monopolies charge the same price to all customers. But sometimes they are able to charge…

A: The monopoly market is defined as a single market characterized by one buyer and seller. There is no…

Q: One example of price discrimination is when movie is newly released the ticket price for movie…

A: Price Discrimination Price Discrimination is the strategy the seller used to discriminate against…

Q: Marcella owns a sandwich shop. She decides to charge different prices to groups of customers. She…

A: The lower the elasticity of demand, the higher would be the final price paid by customer

Q: sville: Modern Multiplex (Firm 1) and Galaxy (Firm 2). The demands for each firm are: Q1 = 125 –…

A: In Bertrand duopoly competition, firms choose price simultaneously by taking into account the price…

Q: You are the manager of a monopoly that sells a product to two groups of consumers in different parts…

A: With two kinds of consumers in the market through a monopoly situation, the firm employing…

Q: None

A: Referencehttps://kfknowledgebank.kaplan.co.uk/acca/chapter-4-pricing

Q: 3. You are an internet service provider and you have two types of customers, households and…

A: In economics, profit maximization is the short run or long run process by which a firm may determine…

Q: You and your friend who just graduated visit a local ice cream parlor. By showing your student id…

A: There are two students, among which one is showing her id card and getting the discount of 1$ on ice…

Q: In terms of reality, could you show that it is easier for a firm to practice second-degree price…

A: Monopoly refers to the market situation in which there is only one seller in the market and large…

Q: You are the manager of a monopoly that sells a product to two groups of consumers in different parts…

A: Market Demand: Market demand is the horizontal sum of the individual demand bend. It represents the…

Q: Suppose you were asked to manage a golf course that was currently charging a uniform price.  Would…

A: In considering whether to maintain a uniform price or switch to a two-part pricing plan for the golf…

Q: sson 5.10-Price Discrimination 1. is a price structure in which the seller charges different prices…

A: 1) Price discrimination is a price structure in which the seller charges different prices for the…

Q: What could be some types of discriminatory pricing policies?

A: In an economy, price discrimination can be practiced by the anti-competitive firm because he has the…

Q: s this a form of price discrimination? Why? Include in your analysis differing levels of elasticity,…

A: Price discrimination is a marketing tactic in which a seller sets different pricing for the same…

Q: Students Seniors Veterans Children under 12 years old Adults

A: The power of a monopolist firm to charge a price is inversely related to the elasticity. Implies…

Q: Website Profit The latest demand equation for your gaming website, www.mudbeast.net, is given by q =…

A: Answer: Given, Demand equation: q=-200x+1000Where,q=munber of user who log on per monthx=log-on fee…

Q: Sticky Stuff produces cases of taffy in a monopolistically competitive market. The inverse demand…

A: A good is sold by several distinct companies in a monopolistically competitive market, but each one…

Q: With perfect price discrimination, the level of output is the same as the amount produced in a…

A: Perfect price discriminated monopoly firm produces at the intersection point of demand and MC curve.…

Q: a) Why does TRUVADA cost $1,780 in the United States whereas it's just $8 in Australia? b) Can you…

A: Price discrimination refers to the situation when the producer or the seller sells the same product…

Q: An international airline in Ghana ,Emirates ,estimates that the price elasticity of demand for…

A: The price elasticity of demand measures the responsiveness of quantity demanded to a change in…