Question

29. The entrance fee to India’s Taj Mahal is 750 rupees for foreigners and 20 rupees...

29. The entrance fee to India’s Taj Mahal is 750 rupees for foreigners and 20 rupees for Indian nationals. This is an example of:

Select one:

a. indirect segment price discrimination

b. direct segment price discrimination

c. uniform pricing

d. complete price discrimination

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Option B.

  • Direct segment price discrimination is a type of price discrimination where the firms segment characterize customer's based on the some most identifiable characteristics like location, age group, gender etc.
  • While indirect segment price discrimination does not segment customers based on such identifiable characteristics.
  • Hence charging different prices to foreigners and Indians for getting an entry pass to Taj Mahal based on location is hence an example of direct segment price discrimination.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
draw graph for both a firm engaged in uniform pricing ( one price for all buyers...
draw graph for both a firm engaged in uniform pricing ( one price for all buyers )and for a firm engaged in indirect segment price discrimination. a- which is more efficient in the economic sense? b- which is better for consumer? c- which results in higher profits? d- normative question- is price discrimination a bad thing?
A college entrance study company determined that a score of 20 on the mathematics portion of...
A college entrance study company determined that a score of 20 on the mathematics portion of the study suggests that a student is ready for​ college-level mathematics. To achieve this​ goal, the company recommends that students take a core curriculum of math courses in high school. Suppose a random sample of 150 students who completed this core set of courses results in a mean math score of 20.3 on the college entrance study with a standard deviation of 3.4 Do...
A monopolist is facing the demand function p =440−q and has the cost function c(q)=2q2. a)...
A monopolist is facing the demand function p =440−q and has the cost function c(q)=2q2. a) Find producer’s surplus and consumers’ surplus if the monopolist is charging a uniform price. b) Prove that the uniform monopoly outcome is not Pareto efficient. c) Provide an example of monopoly regulation that will improve efficiency. d) Find the optimal entry fee and usage fee if the firm is charging a two-part tariff. What are the monopoly profits? e) Find producer’s surplus and consumers’...
A circus knows that their typical customer has an inverse demand function for shows at the...
A circus knows that their typical customer has an inverse demand function for shows at the circus equal to p(y) = 216 - 9y, where p is the per unit price of a show. The marginal cost of a show is £72 and we assume there is no fixed cost. The circus is a monopolist in the market and can choose among the following pricing options: A: sell tickets for shows at a price p1 per ticket. B: sell tickets...
Question 29 Determining the amount of money to borrow in order to finance a 20-year project...
Question 29 Determining the amount of money to borrow in order to finance a 20-year project is a capital structure decision. Select one: True False Question 32 Given the following information: current assets = $400; fixed assets = $400; long-term debt = $455; equity = $300; sales = $470; costs = $400; tax rate = 34%. Suppose that assets and costs maintain a constant ratio to sales. What is the total external financing needed if sales increase 25%? Assume the...
In a certain​ city, the average​ 20- to​ 29-year old man is 69.8 inches​ tall, with...
In a certain​ city, the average​ 20- to​ 29-year old man is 69.8 inches​ tall, with a standard deviation of 3.1 ​inches, while the average​ 20- to​ 29-year old woman is 64.3 inches​ tall, with a standard deviation of 3.9 inches. Who is relatively​ taller, a​ 75-inch man or a​ 70-inch woman? Find the corresponding​ z-scores. Who is relatively​ taller, a​ 75-inch man or a​ 70-inch woman? Select the correct choice below and fill in the answer boxes to complete...
1. Management accounting is said to meet. Select one: A. The internal accounting needs of the...
1. Management accounting is said to meet. Select one: A. The internal accounting needs of the organisation B. The external accounting needs of the organization C. The regulatory requirements of the organisation D. The needs of laws that govern company financial reporting 2. Which of the following defines total product cost? Select one: A. Direct costs plus indirect costs of production, selling and administration B. A prime cost plus production overhead C. Indirect cost plus production overhead D. Prime cost...
Suppose that the Price level = 120, Supply of Money = $20 billion, and Real GDP...
Suppose that the Price level = 120, Supply of Money = $20 billion, and Real GDP = $4 billion. If the velocity of money stays the same but Real GDP increases by 20%, what will happen to the price level if the supply of money increases by $10 billion? Select one: a. It will increase to 125 b. It will increase to 132 c. It will increase to 144 d. It will increase to 150 e. It will increase to...
21. The “prisoner’s dilemma” facing a cartel is that A) what is good for the cartel...
21. The “prisoner’s dilemma” facing a cartel is that A) what is good for the cartel is bad for society as a whole B) the production level that is best for a self-interested firm may not be what is best for the cartel as a whole C) what is good for the cartel as a whole is to maximize production; the dilemma is that individual cartel members may not want to share technology secrets with other firms D) the profit-maximizing...
1) A professional audit firm charged juniors at $60 per hour, seniors at $200 per hour...
1) A professional audit firm charged juniors at $60 per hour, seniors at $200 per hour and the overhead rate for both was 150 per cent on direct labour. The firm added 10 per cent on total cost to arrive at a fee to be charged. If a job took 7 junior hours and 3 senior hours, what was the fee charged? Select one: a. 2345 b. 2635 c. 2805 d. 3450 2) Softcloth Textile Pty Ltd. manufactures a variety...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT