126 the university of kansas is using a two part

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Microeconomics
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Chapter 3 / Exercise 17
Microeconomics
Arnold
Expert Verified
126) The University of Kansas is using a two - part tariff pricing structure since they require season ticket holders for Jayhawks football games to purchase ________ to obtain seats in its new Gridiron Club. A) sports mortgages in addition to the season tickets B) season tickets for Jayhawks basketball 126)
C) tickets to preseason games as well as regular season games D) a minimum of two season tickets to each home game Answer: A Diff: 1 Page Ref: 538 - 539/538 - 539 Topic: Pricing Strategy Learning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how public policies affect monopolies AACSB: Reflective Thinking 127) Many new sports stadiums are paid for with public funds, or a combination of public and private funds. Requiring those who have season tickets for a professional sports team to pay for equity seat rights in a new stadium which has been paid in full or in part with public funds shifts more of the burden of paying for a new stadium to ________ rather than ________. C) the season ticket holders; the general public. 127)
D) the city in which the stadium is located; the season ticket holders Answer: C Diff: 2 Page Ref: 538 - 539/538 - 539 Topic: Pricing Strategy Learning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how public policies affect monopolies AACSB: Reflective Thinking TRUE/FALSE. Write ʹ T ʹ if the statement is true and ʹ F ʹ if the statement is false. 128) The Walt Disney Company uses cost - plus pricing to determine the prices it charges for admission and rides at Disneyland and Walt Disney World. Answer: 128) Diff: 1 Page Ref: 534 - 536/534 - 536
Topic: Two - Part Tariff Learning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how public policies affect monopolies AACSB: Reflective Thinking 129) In an optimal two - part tariff pricing schedule, consumer surplus is zero. Answer: 129) Diff: 2 Page Ref: 534 - 536/534 - 536
Topic: Two - Part Tariff Learning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how public policies affect monopolies AACSB: Reflective Thinking 39
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Microeconomics
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Chapter 3 / Exercise 17
Microeconomics
Arnold
Expert Verified
130) There is no evidence that odd pricing succeeds in convincing consumers that prices are lower than they really are. Answer: 130) True False Diff: 1 Page Ref: 531 - 532/531 - 532
Topic: Odd Pricing Learning Outcome: Micro 16: Discuss the functions of cooperation, competition, and public policies in oligopolies AACSB: Reflective Thinking 131) Economists believe that cost - plus pricing may be the best way for a firm to determine its optimal product price when the firm ʹ s marginal cost and average cost are about the same and when it is difficult to estimate the product ʹ s demand curve.

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