Globale Microeconomics

Business

Quiz 12 :

Pricing and Advertising

Quiz 12 :

Pricing and Advertising

Question Type
search
arrow
Firms price discriminate to maximize total revenue.
Free
True False
Answer:

Answer:

False
Firms price discriminate to increases profit.

Tags
Choose question tag
close menu
arrow
When firms price discriminate they turn ________ into ________.
Free
Multiple Choice
Answer:

Answer:

B

Tags
Choose question tag
close menu
arrow
Which of the following is an example of group price discrimination?
Free
Multiple Choice
Answer:

Answer:

A

Tags
Choose question tag
close menu
arrow
Theatres charge lower prices for a matinee and usually don't accept coupons for the night showing of movies because
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
The case where a firm sells each unit at the maximum amount each customer is willing to pay for it is called
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
A perfect price discriminator
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Mouthwash is sold in 24 oz bottles for $2.40 and in 12 oz. bottles for $1.20. This represents
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
A cheese-by-mail club that charges an annual membership fee and an additional fee per cheese shipment utilizes
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Explain why a firm can earn more profit by price discrimination than from setting a uniform price.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets is most likely an example of
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
If consumers are identical, then
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
If a firm faces a flat demand curve,
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
At many municipal golf courses, local residents pay a lower fee to play than other golfers do. One necessary condition for the golf course to be able to successfully price discriminate according to residency is that
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Suppose a firm uses the following price strategy for every customer. The first two units purchased cost $4 each, and any extra unit costs $3.50. What kind of price discrimination is this?
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Price discrimination is welfare reducing.
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Suppose two countries, A and B, are at war with each other. Country A is very wealthy; country B is very poor. The XYZ Co. produces tanks. Is XYZ able to set a different price for the tank sold to country A than the price for the tank sold to country B? Explain.
Essay
Answer:
Tags
Choose question tag
close menu
arrow
If two markets have the same price elasticity of demand at every price, a monopoly will not practice multimarket price discrimination.
True False
Answer:
Tags
Choose question tag
close menu
arrow
Historically, price discrimination was considered illegal in all instances. More recently, antitrust authorities have discovered that
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Why do firms engage in price discrimination?
Multiple Choice
Answer:
Tags
Choose question tag
close menu
arrow
Which of the following conditions must be TRUE so that a firm can price discriminate?
Multiple Choice
Answer:
Tags
Choose question tag
close menu
Showing 1 - 20 of 135