1. Hertz charges $139 to rent a Toyota Camry for one day in New York City...
1. Hertz charges $139 to rent a Toyota Camry for one day in New York City and only $61 per day in Miami. Is this price discrimination? a. Yes b. No
2. Using the information from the previous question: provide a couple of sentences explaining why or why not.
Homework Answers
Yes this is an example of price discrimination
This is so because when same product or service is charged differently in different cities irrespective of any modifications in product sold.
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1. Hertz charges $139 to rent a Toyota Camry for one day in New
York City...
How to answer this question A New York City daily newspaper called "Manhattan Today" charges tomers prepay t...
How to answer this question
A New York City daily newspaper called "Manhattan Today" charges tomers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $130 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $125 per hour. The company estimates...
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Variable costs for 1 dozen speciality cupcakes is $14. A dozen
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shop is $6,000 per month."
Contribution margin per dozen cupcakes= $10
b) If Molly's Cupcakes sells an average of 50 dozen cupcakes today, what is her total contribution for an average day? c) What is the break-even volume? What is the break-even revenue? d) Molly is considering moving...
A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $138....
A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $138. Customers prepay their subscriptions and receive 230 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $125 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $100 per hour. The company...
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A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $108. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $110 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $100 per hour. The company...
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How to answer this question
A New York City daily newspaper called "Manhattan Today" charges tomers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $130 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $125 per hour. The company estimates...
A New York City daily newspaper called "Manhattan Today charges an annual subscription fee of $432. Customers prepay their subscriptions and receive 230 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $410 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $400 per hour. The company...
"Consider Mollys cupcakes in downtown Manhattan, New York City.
Variable costs for 1 dozen speciality cupcakes is $14. A dozen
cupcakes sells for $24. Her rent for the bakery and front retail
shop is $6,000 per month."
Contribution margin per dozen cupcakes= $10
b) If Molly's Cupcakes sells an average of 50 dozen cupcakes today, what is her total contribution for an average day? c) What is the break-even volume? What is the break-even revenue? d) Molly is considering moving...
A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $138. Customers prepay their subscriptions and receive 230 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $125 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $100 per hour. The company...
A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $108. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $110 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $100 per hour. The company...
Question 1 (40 marks) Refer to Table 1. Write the Excel formula for each cell marked with "" in column C such that formula could be copied and pasted into columns D, and E using Microsoft Excel without further editing, There is no need to explicitly write the Excel formula for cells marked with "Copy & paste". Label each formula clearly with cell reference position. In many country towns of China, there is no western coffee shop such as Starbucks...
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