Circle of Crust Pie Five Pizzas has a frequent purchaser program, called Circle of Crust, in which patrons earn points with every purchase. With enough points, the patron's next purchase is free. How does this program alter customer decisions?
This is a form of a volume discount. Under the program, customers face a lower marginal cost of future pizzas. This lowers the price for the pizzas and induces them to make more purchases than they would otherwise.
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The buyer of a put option on Boeing with a strike price of $75 and an expiration date in November 2003 has the
A) right to buy 100 shares of Boeing at $75 on or before November 1999. B) right to sell 100 shares of Boeing at $75 on or before November 1999. C) right to buy 100 shares of Boeing at $75 on or after November 1999. D) right to sell 100 shares of Boeing at $75 on or after November 1999.
The horizontal summation of all individual demands at different given prices results in the:
a. market supply curve. b. individual supply curve. c. individual demand curve. d. equilibrium demand and supply curves. e. market demand curve.