Referring to the data below,choose all the statements that are correct. Profit Compared With Price Pre-tax Profit Indirect Price Discrimination Monthly 2$ Weekday Weekend Dollar Percent 54 49 3,815,269 54 54 2$ 3,717,738 2$ (97,531) -2.56% 2$ 2$ (76,985) 3,738,284 $ 53 53 -2.02% 52 52 3,736,196 2$ (79,073) -2.07% 51 51 $ 3,711,474 $ (103,795) -2.72% 50 50 3,664,119 2$ (151,150) -3.96% 49 49 24 3,575,671 $ (239,598) -6.28% If it cannot use indirect price discrimination, the table shows that Universal's profits will be 6.28% lower. The data are not suitable to make statements about indirect price discrimination and profits The prices $54 (weekday) and $49 (weekend) represent indirect price discrimination. There is no indirect price discrimination in rows 2-7 of the table. Without data and analysis outside of the data in this table, one cannot prove that $54 and $49 are the optimal indirect price discrimination prices. According to the table, if it is not allowed to use indirect price discrimination, Universal's maximum profits are achieved when it charges a price of $53.

Referring to the data below,choose all the statements that are correct. Profit Compared With Price Pre-tax Profit Indirect Price Discrimination Monthly 2$ Weekday Weekend Dollar Percent 54 49 3,815,269 54 54 2$ 3,717,738 2$ (97,531) -2.56% 2$ 2$ (76,985) 3,738,284 $ 53 53 -2.02% 52 52 3,736,196 2$ (79,073) -2.07% 51 51 $ 3,711,474 $ (103,795) -2.72% 50 50 3,664,119 2$ (151,150) -3.96% 49 49 24 3,575,671 $ (239,598) -6.28% If it cannot use indirect price discrimination, the table shows that Universal's profits will be 6.28% lower. The data are not suitable to make statements about indirect price discrimination and profits The prices $54 (weekday) and $49 (weekend) represent indirect price discrimination. There is no indirect price discrimination in rows 2-7 of the table. Without data and analysis outside of the data in this table, one cannot prove that $54 and $49 are the optimal indirect price discrimination prices. According to the table, if it is not allowed to use indirect price discrimination, Universal's maximum profits are achieved when it charges a price of $53.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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