In Longolia,beer Drinking Is Associated with Blood Types

question 34

Multiple Choice

In Longolia,beer drinking is associated with blood types.The demand for beer of the three major blood groups is shown below:

-Refer to the above information to answer this question.If the beer producers could price discriminate on the basis of blood types,in order to maximize revenue,which of the following statements is correct?

• A)The consumer group with the highest price elasticity of demand should be charged the highest price.
• B)The consumer group with the highest price elasticity of demand should be charged the lowest price.
• C)The consumer group with the lowest price elasticity of demand should be charged the lowest price.
• D)The consumer group which should be charged the highest price depends upon which has the smallest marginal utility.

---

Definitions:

Professional Planner's Responsibility

The duty of planning professionals to make informed, ethical decisions that consider the welfare of the public and the environment.

CEO's Responsibility

The duties and obligations that come with the role of a Chief Executive Officer, including setting strategic direction, making major corporate decisions, and managing the overall operations and resources of a company.

Strategic Leader

A person who has the ability to influence others to voluntarily make decisions that enhance the prospects for the organization's long-term success while maintaining short-term financial stability.

Optimum Allocation

The process of distributing resources in the most efficient manner to achieve the highest possible returns or outcomes.