The Following Table Shows the Marginal Revenues Earned by a Price

question 109

Multiple Choice

The following table shows the marginal revenues earned by a price discriminating monopolist in two different markets.Table 11.5

-Movie theaters are able to offer discounts to senior citizens because:

• A)the elderly deserve lower prices because of their contributions to society.
• B)senior citizens have the most inelastic demand.
• C)theaters can separate senior citizens from other customers, and it is easier to prevent resale.
• D)senior citizens cannot see the movie very well because of poor eyesight.
• E)senior citizens are frequent visitors to the movie theaters.

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Definitions:

Cerebrum

The largest part of the brain, responsible for higher brain functions such as thought, action, reasoning, and sensory perception.

Cerebellum

An area of the brain crucial for controlling movements, coordinating actions, ensuring precision, and managing the timing of these movements.

Parasympathetic Nervous System

A division of the autonomic nervous system that helps return the body to a state of calm and digestion after arousal.

Sympathetic Nervous System

The Sympathetic Nervous System is part of the autonomic nervous system that prepares the body for action by triggering the fight or flight response.