The table below shows the total utility associated with various units of goods X and Y.Table 7.5

-According to the concept of framing, when a customer calls a hotel regarding a reservation the hotel reservationists generally state room rates as the _____.
A)lowest they charge during peak demand periods
B)average they charge during peak demand periods
C)highest they charge during peak demand periods and then discount those rates
D)lowest they charge during off-peak demand periods
E)highest they charge during off-peak demand periods and then discount those rates

Question

The table below shows the total utility associated with various units of goods X and Y.Table 7.5
 
-According to the concept of framing, when a customer calls a hotel regarding a reservation the hotel reservationists generally state room rates as the _____.
A)lowest they charge during peak demand periods 
B)average they charge during peak demand periods 
C)highest they charge during peak demand periods and then discount those rates 
D)lowest they charge during off-peak demand periods 
E)highest they charge during off-peak demand periods and then discount those rates

Quizplus · Accepted Answer

This is the concept of framing, where hotels generally state their highest rates during peak demand periods and then offer discounts to make it seem like a better deal.

The Table Below Shows the Total Utility Associated with Various