Which statement is true?
A. Price discrimination eliminates all consumer surplus.
B. The main motivation for price discrimination is to decrease profits.
C. Airlines successfully separate business travelers from leisure travelers by requiring customers who get lower rates to stay over on Saturday night.
D. None of the choices are true.
C. Airlines successfully separate business travelers from leisure travelers by requiring customers who get lower rates to stay over on Saturday night.
You might also like to view...
Economics examines the options open to households and business firms, but ignores the options of governments and entire societies.
Answer the following statement true (T) or false (F)
A nation can forecast the following year's deficit without knowing how fast GDP will grow.
Answer the following statement true (T) or false (F)
(Last Word) A caller to a radio talk show states that protesters against globalization are a collection of "anarchist punks, naïve college students, and trade union radicals." This is an example of:
A. the fallacy of composition. B. the economic perspective. C. loaded terminology. D. marginal analysis.
If the credits for a principles of economics section is three units and an instructor teaches two sections with 100 students in each and tuition and fees at your university are $40 per unit. If the instructor is paid $ 30,000 to teach both classes, should the university hire the instructor?
A. Yes, the MRP of the instructor is higher than the wage. B. Yes, the wage is higher than the instructor's MRP. C. No, the MRP of the instructor is higher than the wage. D. No, the wage is higher than the instructor's MRP.