Historically, Women Have Paid More for Dry Cleaning Than Men

question 98

Multiple Choice

Historically, women have paid more for dry cleaning than men.Signature Cleaners advertises "equal price" for all customers.Signature Cleaners appeals to women, which is market segmentation by __________ factors.

• A) demographic
• B) socioeconomic
• C) geographic
• D) consumption pattern

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Definitions:

MC = P

A condition in economic theory where Marginal Cost (MC) equals Price (P), indicating optimal production levels where no additional units should be produced.

Profit

The financial gain obtained when the total revenues generated exceed the total costs incurred by a business.

Marginal Cost

The growth in total expenses incurred from the production of one more unit.

Output

The total amount of goods or services produced by a firm or country.