Which of the following situations would be examples of price discrimination?
A. United Airlines charges customers who book 14 days ahead a lower price than those who don't.
B. Chevron gas stations charges customers 20 cents more per gallon if they choose the premium grade over the regular unleaded.
C. The local carwash charges drivers of minivans and large SUVs a $2.00 "large vehicle" surcharge.
D. GEICO, an insurance company, charges higher rates to those who received more than one speeding ticket in the last 6 months.
Answer: A
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A) market income. B) real income. C) money income. D) cash income.
Economists refer to expenditures on training, education, and skill development designed to increase the productivity of an individual as: a. overhead expenditures
b. investments in human capital. c. marginal revenue product. d. investments in social capital.
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An economy grows when it does all of the following except ?_______.
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