Solved

TABLE 10- 2 Your Food- Services Company Has Been Named

Question 50

Multiple Choice

TABLE 10- 2 Your food- services company has been named as the sole provider of meals at a small university.The cost and demand schedules are:  Sold per Day  Price per  Meal  Total  Fixed Cost  Total  Variable Cost  Total  Revenue 0$3.50$150$0$0100$3.25$150$300$325200$3.00$150$500$600300$275$150$650$825400$250$150$750$1000500$225$150$830$1125600$200$150$905$1200700$1.75$150$995$1225\begin{array} { | c | c | c | c | c | } \hline \text { Sold per Day } & \begin{array} { c } \text { Price per } \\\text { Meal }\end{array} & \begin{array} { c } \text { Total } \\\text { Fixed Cost }\end{array} & \begin{array} { c } \text { Total } \\\text { Variable Cost }\end{array} & \begin{array} { c } \text { Total } \\\text { Revenue }\end{array} \\\hline 0 & \$ 3.50 & \$ 150 & \$ 0 & \$ 0 \\\hline 100 & \$ 3.25 & \$ 150 & \$ 300 & \$ 325 \\\hline 200 & \$ 3.00 & \$ 150 & \$ 500 & \$ 600 \\\hline 300 & \$ 275 & \$ 150 & \$ 650 & \$ 825 \\\hline 400 & \$ 250 & \$ 150 & \$ 750 & \$ 1000 \\\hline 500 & \$ 225 & \$ 150 & \$ 830 & \$ 1125 \\\hline 600 & \$ 200 & \$ 150 & \$ 905 & \$ 1200 \\\hline 700 & \$ 1.75 & \$ 150 & \$ 995 & \$ 1225 \\\hline\end{array}
-Which one of the following cases is NOT an example of price discrimination?


A) Young males are charged higher premiums for car insurance than older males or women.
B) Theatres charge different rates for different age groups.
C) Electric companies charge different rates to commercial and residential users for electricity.
D) Airlines charge different fares for business people than tourist travelers.
E) A local phone company charges different telephone rates to residential and business users.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents