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ENGR.ECONOMIC ANALYSIS
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Author: NEWNAN
Publisher: Oxford University Press
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Hello, I need some clarity on this queston. If you can explain briefly how you got your answers that will be very helpful.
![**Price Discrimination: Types and Examples**
For each example, select the type of price discrimination that is being used.
1. **A firm charges each consumer their reservation price:**
- **Type:** First-degree price discrimination
2. **A tennis pro charges $15/hour for lessons for children and $30/hour for lessons for adults:**
- **Type:** Third-degree price discrimination
3. **Amazon Prime charges $12.99/month plus the price of all goods purchased:**
- **Type:** Two-part tariff
4. **A firm charges only $0.25 more for a large soda than a small soda:**
- **Type:** Second-degree price discrimination
5. **A firm charges more for electricity used during the day than at night:**
- **Type:** Intertemporal price discrimination
These examples illustrate how businesses apply different pricing strategies based on consumer characteristics and buying behaviors.](https://content.bartleby.com/qna-images/question/45f3e0a4-3f21-4962-8ad5-de454383f96a/971bf9c8-81ba-4c52-abc4-bf0bc7d524ae/6sk1qho_thumbnail.png)
Transcribed Image Text:**Price Discrimination: Types and Examples**
For each example, select the type of price discrimination that is being used.
1. **A firm charges each consumer their reservation price:**
- **Type:** First-degree price discrimination
2. **A tennis pro charges $15/hour for lessons for children and $30/hour for lessons for adults:**
- **Type:** Third-degree price discrimination
3. **Amazon Prime charges $12.99/month plus the price of all goods purchased:**
- **Type:** Two-part tariff
4. **A firm charges only $0.25 more for a large soda than a small soda:**
- **Type:** Second-degree price discrimination
5. **A firm charges more for electricity used during the day than at night:**
- **Type:** Intertemporal price discrimination
These examples illustrate how businesses apply different pricing strategies based on consumer characteristics and buying behaviors.
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