Suppose your municipality charges your household a flat fee of $100 per year plus $2 per cubic metre of water used. This pricing policy is an example of

Name: Suppose your municipality charges your household a flat fee of $100 per year plus $2 per cubic metre of water used. This pricing policy is an example of
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

This is a two-part tariff pricing policy, as it involves both a fixed fee (the $100 per year) and a variable fee based on usage (the $2 per cubic metre of water used).

Suppose Your Municipality Charges Your Household a Flat Fee of $100