Jim Is Smart, Funny, Kind, Open, Warm, and Honest

question 2

Multiple Choice

Jim is smart, funny, kind, open, warm, and honest. He's also attractive, a good communicator, and has a great job. Rob, on the other hand, is shy, awkward in social situations, a poor communicator, of average intelligence, short, and skinny. Research on mate preferences would suggest that Jim will be _______ to compromise his ideal mate preferences.

• A) less likely than Rob
• B) more likely than Rob
• C) equally likely as Rob
• D) absolutely unwilling

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Definitions:

Price Discrimination

The strategy of selling the same product to different customers at different prices based on the willingness to pay.

Consumer Surplus

The disparity between the amount consumers propose to pay for a good or service and the amount they finally pay.

Profits

The financial gain obtained when the revenue from business activities exceeds the costs and expenses incurred in operating the business.

Price Discrimination

An approach where the same goods or services, either identical or very similar, are priced differently by the same seller in distinct markets.