A Firm Sells Its Product to Two Groups of Buyers

question 1

Multiple Choice

A firm sells its product to two groups of buyers: daytime buyers and nighttime buyers.There are 50 daytime buyers,all of whom have identical demands given by D_D in the figure below.There are 50 nighttime buyers,all of whom have identical demands given by D_N in the figure below.The firm's variable costs are constant (SMC = AVC = $12) and its total fixed cost is $250,000.The marketing director must devise a two-part pricing plan that will maximize the firm's profit. How much profit will the firm earn by charging the optimal access charge and optimal access fee (remember that there are 50 daytime and 50 nighttime buyers) ?

• A)$80,600
• B)$90,600
• C)$124,600
• D)$185,600
• E)$215,600

Describe the principles of altruism and factors that promote prosocial behavior.

Understand the concepts of in-group and out-group and their implications for social behavior.

Differentiate between prejudice and discrimination and understand their consequences in social contexts.

Explain the realistic conflict theory and its relevance to intergroup relations.

---

Definitions:

Young Adults

Individuals who are in an age group that bridges adolescence and full-fledged adulthood, typically covering those in their late teens to early thirties.

Women More Likely

A phrase indicating that statistical or observational evidence suggests women have a higher probability of experiencing or engaging in a particular condition or behavior.

Live With Parents

The situation in which individuals, often adults, reside in their parents' household, either by choice or necessity.

Raised in Same Family

Individuals who have grown up together in the same household, sharing parents or guardians, regardless of biological relation.