Which case below best represents a case of price​ discrimination? A. A professional baseball team pays two players with different batting averages different salaries. B. A major airline sells tickets to senior citizens at lower prices than to other passengers. C. An insurance company offers discounts to safe drivers. D. A utility company charges less for electricity used during​ "off-peak" hours, when it does not have to operate its​ less-efficient generating plants.

Answers

Answer 1

Answer:

B. A major airline sells tickets to senior citizens at lower prices than to other passengers.

Explanation:

The pricing strategy refers to a strategy where the company charges the different prices for the similar products to the customers

In the case of the pure price discrimination, the seller would charge the price i.e. maximum he or she would have to pay also it is depend upon the specific characteristics and the amount charged to each and every group through a different price

Therefore the option B is correct


Related Questions

Germany is capital abundant country and Japan is labor abundant country. If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that Question 22 options: Japan will export computers in exchange for beer. Germany will export computers in exchange for beer. Germany is too small to be of economic interest to Japan. Computers and beer don't mix, so trade cannot increase either country's well-being.

Answers

Answer:

If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that

Germany will export computers in exchange for beer.

Explanation:

The H-O model or Heckscher-Ohlin theory is an economic model about the comparative advantages of nations in international trade.  The model tries to explain the equilibrium of trade existing between two countries that have varying specialties and natural resources.  According to the H-O model, countries export more goods and services for which they have plenty resources than they do for goods and services for which they have scarce resources.  For example, if a country has capital in abundance, it will export more of capital-intensive products while it will import labor-intensive products, because it has scarce labor resources.

Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units next year and Product L is expected to sell 8,000 units. A unit of either product requires 0.4 direct labor-hours.
The company's total manufacturing overhead for the year is expected to be $1,632,000.
Required:
1-a. The company currently applies manufacturing overhead to products using direct labor-hours as the allocation base. If this method is followed, how much overhead cost per unit would be applied to each product? Product H Product L Overhead cost per unit
1-b. Compute the total amount of overhead cost that would be applied to each product Product H Product L Total Total overhead cost
2. Management is considering an activity-based costing system and would like to know what impact this change might have on product costs. For purposes of discussion, it has been suggested that all of the manufacturing overhead be treated as a product-level cost. The total manufacturing overhead would be divided in half between the two products, with $816,000 assigned to Product H and $816,000 assigned to Product L If this suggestion is followed, how much overhead cost per unit would be assigned to each product? (Round your answers to 2 decimal places.)
Product H Product L
Overhead cost per unit

Answers

Answer:

1a. Product H $16,000

Product L $3,200

1b. Product H $1,360,000

Product L $272,000

Total $1,632,000

2. Product H $20.40

Product L $102.00

Explanation:

1-a. Calculation for how much overhead cost per unit would be applied to each product

Product H Product L

Number of units produced 40,000 8,000( a)

Direct labor-hours per unit (b) 0.40 0.40 (b)

(a) × (b)=Total direct labor-hours 16,000 3,200 Total =$19,200

Therefore Amount of hoverhead cost per unit applied to each product is :

Product H $16,000

Product L $3,200

1-b. Computation for the total amount of overhead cost that would be applied to each product

Product H Product L Total

Manufacturing overhead applied per unit

0.40 DLH per unit × $85.00 per DLH= $34.00 (a)

Number of units produced 40,000 8,000 (b)

(a) × (b)=Total manufacturing overhead applied $1,360,000 $272,000

Total=Product H $1,360,000+Product L $272,000

Total= $1,632,000

Predetermined overhead rate of $ 85.00 per DLH is calculated as:

Total manufacturing overhead $ 1,632,000(a)

Total direct labor-hours 19,200 DLHs(b)

(a) ÷ (b) =Predetermined overhead rate $ 85.00 per DLH

Therefore the total amount of overhead cost that would be applied to each product is :

Product H $1,360,000

Product L $272,000

Total $1,632,000

C. Calculation for how much overhead cost per unit would be assigned to each product

Product H Product L Total

Total manufacturing overhead assigned (a)

$816,000 $816,000 =$1,632,000

Number of units produced (b) 40,000 8,000

(a) ÷ (b) =Manufacturing overhead per unit $20.40 $102.00

Therefore the amount of overhead cost per unit would be assigned to each product is :

Product H $20.40

Product L -$102.00

Other Questions
Explain the Confucian principle of li.I NEED HELP FAST I WILL GIVE BRAINLEST TO WHO EVER HAS THE SMARTEST ANSWER AND WHOEVER HELPS!!! THANKS!!! In DEF, if DE DF and EF is the hypotenuse, then DEF isa acute and scalene. c. right and isosceles.b right and scalene. d. obtuse and isosceles. what contributes to the economy What happens when weathering and erosion work together? A.Weathering B.Raining C.Erosion D.breakingBRAINLIEST Find the solution to the system of equations.You can use the interactive graph below to find the solution.\begin{cases} y=-7x+3 \\\\ y=-x-3 \end{cases} y=7x+3y=x3 Which expressions are equivalent to 6a(5+d) ?Select each correct answer.30a+6ad30ad30a+(6ad)(6a5)+(6ad)11a + d Who invented the modern printing press? Question 49 options: Johannes Gutenberg Albrecht Drer Jan Van Eyck Martin Luther What was the differencebetween Mesopotamia andEgypt's landscape? How did itaffect their civilization?Please help!! The First Agricultural Revolution is best described as a period during which __________.A.tools made of bone and stone were first widely usedB.humans were nomadic and lived in small communitiesC.humans hunted and gathered for subsistenceD.humans cultivated plants and domesticated animals Something that moves from one place to another is referred to as being __________.A.at sea levelB.migratoryC.a variableD.diversePlease select the best answer from the choices provided What does mr.Jones shout while drinking in chapter 1 of winter dream A molecule contains 24.36 g of nitrogen and 62.64g of sliver What is the discriminate? Can someone explain to me how to get the answer: -3 |2d| = 12 Huilan's age is two times Thomas's age. The sum of their ages is 18. What is Thomas's age? Label the verb in the sentence action or linking.Those stairs look rickety. which model represents 1/3 Help me plzz I need help with this!! Help asap if you want brainliest Which two sentences use coordinate adjectives?A: Mark couldn't understand how his sister could be so fond of that old record player.B: Jane and Stuart decided to use all of their savings to buy a spacious and comfortable apartment.C: Steve missed his son's graduation ceremony because he had to attend an overseas business trip.D: Melody tried to explain how she lost control of the vehicle to the patient police officer.E: The five-year-old couldn't take his eyes off the large, fluffy rabbit in Elis garage. HELP!!! STATS!!! A random sample of 100 felony trials showed a sample mean waiting time between arrest and trial = 173 days with a population standard deviation of waiting times = 28 days. Find a 99% confidence interval for the population mean waiting time.Stats question, I'm really stck please help me!