Top Posters
Since Sunday
45
39
23
13
9
9
9
8
8
8
8
8
New Topic  
wrote...
Posts: 169
2 months ago

Question 1.

What is yield management? How is yield management being used in the airline industry?

Question 2.

Are restaurant coupons a form of price discrimination? Why or why not?
Source  Download
Microeconomics
Edition: 7th
Authors:
Read 8 times
2 Replies
¯\_(ツ)_/¯
Replies
Answer verified by a subject expert
wrote...
Posts: 149
Rep: 5 0
2 months ago
Sign in or Sign up in seconds to unlock everything.

Answer 1

Yield management is the use of sophisticated models of demand and pricing strategies to maximize revenue and profits. Yield management is used in the airline industry when airlines vary ticket prices based on the season, length of route, day of the week, time of day, and type of passengers on the flight.

Answer 2

Yes, coupons are a form of price discrimination. People who are willing to take the time to clip coupons have a higher price elasticity of demand than people who are not. Coupons are a way for firms to cut the price paid by higher price elasticity consumers—without having to cut the price for everyone else.
This verified answer contains over 120 words.
1
Related Topics
wrote...
2 months ago
Thanks for your help!
¯\_(ツ)_/¯
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  313 People Browsing
Related Images
 708
 1694
 87

▶️ Video: Abnormal Heart Sounds

For a complete list of videos, visit our video library