微观经济学作业答案5.docVIP

微观经济学作业答案5 微观经济学作业答案5 PAGE PAGE 7 微观经济学作业答案5 Managerial Economics HOMEWORK SET#5 Name: Class: Student #: (Due day: Next class) Part 1: 1. Discrimination based upon the quantity consumed is referred to as ______________ price discrimination. a. first-degree b. second degree c. third-degree d. group Choose: b) 2. Club Med, which runs a number of vacation resorts, offers vacation packages at a lower price in the winter, the off season, than in the summer. This practice is an example of: a. peak-load pricing. b. intertemporal price discrimination. c. two-part tariff. d. bundling. e. both (a) and (b) are correct. Choose: e) 3. Bundling raises higher revenues than selling the goods separately when a. demands for two goods are highly positively correlated. b. demands for two products are mildly positively correlated. c. demands for two products are negatively correlated. d. there is a perfect positive correlation between the demands for two goods. e. the goods are complementary in nature. Choose: c) 4. Two-part tariffs are: a. a form of bundling. b. profit-enhancing if consumers have different demand curves. c. inefficient if all consumers are idential. d. an uncommon price strategy. e. None of the above is correct. Choose: b) Although not all surplus can be extracted when consumers＇s demand differs, two part tariffs may still be profitable. Two-part tariffs can be just as efficient as perfect competition if consumers are identical snd price is set at marginal cost(therefore, choice c) is wrong). Choice d) is certainly not true-separating prices into two components, an entry fee and a usage fee, is quite common. Example are country club pricing or fitness club pricing (an initial membership fee and monthly fees as well) and utility bills (a charge for being connected and a separate charge for ueage.) The next four questiones refer to the Zwift Corporation, which has a monopoly in the Zouvenier market in Zuburbia. Zwift has a constant