Which of the Following Illustrates a Technological Fix, in Contrast

question 55

Multiple Choice

Which of the following illustrates a technological fix, in contrast to social engineering, to solve the problem of water shortage?

• A)persuading people to take shorter showers
• B)low-flush toilets
• C)wearing clothes more than once before washing
• D)disseminating public service announcements about the need to conserve water

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Definitions:

Marginal Revenue

The additional revenue that a firm receives from selling one more unit of a good or service.

Price Discriminate

The strategy of selling the same product or service at different prices to different groups of consumers, often based on their willingness to pay.

Frequent Buyer Program

A customer loyalty scheme where consumers are rewarded for making repeated purchases with a particular company.

Peak-load Pricing

A pricing strategy used to regulate demand by charging higher prices during peak usage times and lower prices during off-peak times.