Recent Posts • Latest Topics • Unanswered Questions

Firms engage in odd pricing when they charge prices that appear to be less than they really are; for ...

DragoxCM16

wrote...

Go to Answer

Posts: 482

Rep:

4 years ago

Firms engage in odd pricing when they charge prices that appear to be less than they really are; for ...

Question 1.

Assume a firm is able to use an optimal two-part tariff.

a.	Is the outcome economically efficient? Why or why not?

b.	What happens to consumer surplus?

c.	Does this represent perfect price discrimination? Why or why not?

Question 2.

Firms engage in odd pricing when they charge prices that appear to be less than they really are; for example, charging a price of $4.95 instead of $5.00 and $.99 instead of $1.00. How have researchers tried to determine whether odd pricing is successful in convincing consumers that odd prices are less than they really are?

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 85 times

1 Reply

Report

Replies

Answer verified by a subject expert

brigettelearn

wrote...

Posts: 359

Rep:

4 years ago

More solutions for this book are available here

This verified answer contains over 290 words.

Report

Related Topics

DragoxCM16 Author

wrote...

4 years ago

Thank you, thank you, thank you!

kriggs62

wrote...

Yesterday

This helped my grade so much Perfect

Fanmkreyol

wrote...

2 hours ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

825 People Browsing

110 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

880

209

597

Your Opinion

Previous poll results: What's your favorite funny biology word?

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.