Daniel and Sarah were going to a movie, and they started discussing the way the theater offered
Question:
Daniel and Sarah were going to a movie, and they started discussing the way the theater offered discounts to senior citizens before 6:00 pm. Sarah commented, "That's discrimination. They see the same movie in the same seats. Why should they pay less?" Which of the following is NOT one of the explanations as to why this is not treated as discrimination?
A. Marketers can use pricing as a way to influence demand.
B. Services are not subject to the Robinson-Patman Act.
C. Marketing practice allows discounts as long as they do not discriminate within protected classes.
D. Senior citizens can rarely afford the costs of the full-priced tickets.
You have 20 percent market share of an industry that sells 1,000 total units each year. You know that each unit contributes $2,000 to profits. If your fixed costs amount to $250,000, what is your profit or loss for the year?
A. $150,000
B. $400,000
C. $650,000
D. $1,750,000
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez