Each of these customers has a maximum price that he or she is willing to pay for the product-this is known as the price.
举一反三
- Each of these customers has a maximum price that he or she is willing to pay for the product-this is known as the . A: wholesale price B: differentiation price C: valuation price D: reservation price
- Producer surplus is equal to: A: the difference between the highest market price consumers are willing to pay for a product and the minimum amount producers are willing to accept for that product. B: the difference between the market price consumers are willing to pay for a product and the actual price they pay. C: the price a producer receives for a product minus the marginal cost of production. D: the economic profit earned from the sale of a good, minus its marginal cost of production.
- ____ the price of the product, you will have to pay for shipping.
- A price that is higher than the equilibrium price ( ) A: The producer cannot recover the production cost at this price. B: At this price, the quantity supplied is greater than the quantity<br/>demanded. C: Consumers are willing to purchase all products at this price. D: Demand is greater than supply at this price.
- Price targeting strategy is a strategy that charges price-sensitive customers higher prices and price-insensitive customers lower prices for the same product. It is also known as price discrimination.