Use the Following Information to Answer the Questions

question 38

Multiple Choice

Use the following information to answer the questions:
The accompanying figure depicts the demand (D) curve for general admission concert tickets to see ECON-Jammin', the world's first economics rock band, which is scheduled to visit your city next month. The concert venue can accommodate 100 fans with a marginal cost (MC) of $10 per person.
-ECON-Jammin' has recently discovered that its fans are made up of two distinct groups, which they can easily distinguish. They have decided to utilize their economic knowledge and offer a high-priced ticket of $40 per person and a low-priced ticket of $20 per person. Based on this information, what is the gain in net revenue from using price discrimination versus a single-price model?

• A) $200
• B) $150
• C) $100
• D) $50
• E) $0

Recognize the implications of impression management within an organization.

Differentiate between effective and ineffective influence tactics.

Grasp the concept of power in organizational settings and its sources.

Understand the role of organizational politics and its impact on decision making.