Examples of Second-Degree Price Discrimination Include

question 32

Multiple Choice

Examples of second-degree price discrimination include:

• A) the retailer charging more if a wealthy customer wants to buy something
• B) early-bird specials at a restaurant offering lower-priced meals before 6 pm
• C) the retailer charging less if a price-sensitive customer comes in
• D) automobile and antiques dealers haggling with customers
• E) None of these are examples of second-degree price discrimination

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Definitions:

Additional Production

Extra units of output generated beyond the original production plan or schedule.

Factory Overhead Cost Variance Report

Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.

Standard Factory Overhead Cost

The predetermined estimate of indirect manufacturing costs that are expected to be incurred during a period.

Presentation Means

The methods or techniques used to display or convey information, ideas, or data to an audience.