1. A blood sugar monitor that only works with the brand\'s own test strips is an
ID: 1096214 • Letter: 1
Question
1.
A blood sugar monitor that only works with the brand's own test strips is an example of
2.
A combo meal with a price of a sandwich, drink and chips less than the sum of the individual prices is an example of
3.
Requirements tie-in-sale is
4.
A possible motivation for tie-in-sales is
5.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for good 1 to maximize revenues for good 1?
6.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for good 2 to maximize revenues for good 2?
7.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. What is the total profit to the monopolist from selling the goods separately if he cannot tell the two customer types apart?
8.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. What is best pricing strategy for the monopolist? At this price, what are the total profits to the monopolist?
9.
Indirect price discrimination differs from direct price discrimination because
10.
Pricing the additional units that a customer purchases lower is
1.
A blood sugar monitor that only works with the brand's own test strips is an example of
a. Package Tie in Sale b. Price Discounts c. Volume Discounts d. Metering2.
A combo meal with a price of a sandwich, drink and chips less than the sum of the individual prices is an example of
a. Volume discounts b. Mixed bundling c. None of these choices d. Metering3.
Requirements tie-in-sale is
a. Where customer can mix and match products from different sellers b. Where one unit each of two or more products are sold together c. Where you get discounts for buying in large quantities d. Where customers have to purchase all their accessory products from the seller of the platform4.
A possible motivation for tie-in-sales is
a. Assure quality b. Provide secret price discounts c. All these choices d. Efficiency5.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for good 1 to maximize revenues for good 1?
a. $5,000 b. $1,500 c. $1,000 d. $4,5006.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for good 2 to maximize revenues for good 2?
a. $5,000 b. $1,500 c. $1,000 d. $4,5007.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. What is the total profit to the monopolist from selling the goods separately if he cannot tell the two customer types apart?
a. $13,000 b. $11,000 c. $10,000 d. $12,0008.
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. What is best pricing strategy for the monopolist? At this price, what are the total profits to the monopolist?
a. Bundle the goods at $6,000; Profits=$12,000 b. Bundle the goods at $5,000; Profits=$10,000 c. Bundle the goods at $9,500; Profits=$19,000 d. Bundle the goods at $4,500; Profits=$9,0009.
Indirect price discrimination differs from direct price discrimination because
a. In direct price discrimination firms do not have to worry about cannibalizing b. Only with indirect price discrimination is there a risk of creating profitable entry opportunities for rivals c. There is no difference between the two d. For indirect price discrimination the seller cannot easily identify high value consumers from low-value consumers10.
Pricing the additional units that a customer purchases lower is
a. a two-part tariff b. volume discounts c. simple pricing d. mixed bundlingExplanation / Answer
1.a. Package Tie in Sale
2.b. Mixed bundling
3.b. Where one unit each of two or more products are sold together
4.b. Provide secret price discounts
5.a. $5,000
6.b. $1,500
7.b. $11,000
8.a. Bundle the goods at $6,000; Profits=$12,000
9.d. For indirect price discrimination the seller cannot easily identify high value consumers from low-value consumers
10.b. volume discounts
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