Consider the Following Scenario to Answer the Following Questions: the Varsity,located

question 35

Multiple Choice

Consider the following scenario to answer the following questions: The Varsity,located in downtown Atlanta,is the world's largest drive-in restaurant.Located near the Georgia Tech campus,the drive-in attracts two distinct types of customers-college students and visitors to Atlanta.The owners are considering offering a student discount of $1 off their combo meal,which is regularly priced at $9.There are 5,000 students interested in purchasing a combo meal,with a maximum willingness to pay of $8.There are 5,000 visiting customers interested in purchasing the combo meal,with a maximum willingness to pay of $9.Assume that each customer,at most,will purchase a single meal and the marginal cost is $5.
-Which of the following examples is the closest to perfect price discrimination?

• A) nontransferable goods that are sold in an auction
• B) Internet-access package deals for new and old customers
• C) monthly versus daily bus tickets
• D) daily deals in an electronics store
• E) clubs offering waived cover charges for "ladies night"

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Definitions:

Task Force

A temporary group of people formed to accomplish a specific objective, often bringing together diverse expertise to address complex issues.

Waste Reduction

The process of minimizing the amount of waste generated by reducing, reusing, and recycling materials.

Future Search Conferences

A large group intervention method aiming to bring diverse people together to envision and plan their future collectively, focusing on common ground and positive action.

Organizational Change

The process by which organizations adapt to new conditions, restructure, or alter their strategies, structures, or processes to improve effectiveness.