​Data on annual percentage changes in real GDP, consumption, and investment in the United States shows that fluctuations in investment _____.
a. are closely followed by economic forecasters because those fluctuations often signal that a recession will occur
b. are roughly similar to fluctuations in consumption
c. are noticeably smaller during expansions than during recessions
d. account for most of the variability in GDP
e. are roughly similar to fluctuations in GDP

Literature described the Goryeo dynasty as being included books on history, sacred texts, and legends by both Buddhist and Confucian scholars. The Option B is correct.

Goryeo was a Korean state founded in 918, during the Later Three Kingdoms period of national division, that unified and ruled the Korean Peninsula until 1392.  Korean historians have referred to Goryeo as a "true national unification" because it not only unified the Later Kingdom but also the Republic of Korea.

Three Kingdoms, but also included a large portion of the ruling class of the northern kingdom of Balhae, which had its origins in Goguryeo, one of Korea's earlier Three Kingdoms. The name "Korea" is derived from the name Goryeo, also romanized as Kory, which was first used by Goguryeo in the early 5th century.

Read more about Goryeo dynasty

brainly.com/question/26149012

#SPJ1

The optimal ticket price (P*) is $104, the optimal quantity (Q*) is 4800, and the resulting maximal profits (π*) is $280,000 (TR - TC).

a. To determine the optimal ticket price, quantity and team profits when ignoring the functional relationship between revenues from concessions and the quantity of tickets sold, we must set the total revenue equal to the total costs.



TR = RT (Q) + RC (Q) + RRS + RB



TR = 6000 - 25P + 10Q + 800 + 1000



TC = 10000 + 0.5Q



6000 - 25P + 10Q + 800 + 1000 = 10000 + 0.5Q



6000 - 25P + 10.5Q + 1800 = 10000



-25P + 10.5Q = 4000



-25P = 4000 - 10.5Q



P = (4000 - 10.5Q) / -25



Q = 6000 - 25P



Substituting P into Q, we get:



Q = 6000 - 25((4000 - 10.5Q)/-25)



Q = 6000 + 100Q - 4000



Q = 2000



P = (4000 - 10.5(2000))/-25



P = 120



Therefore, the optimal ticket price (PT) is $120, the optimal quantity (QT) is 2000, and the resulting team profits (πT) is $200,000 (TR - TC).



b. To determine the optimal ticket price, quantity and the resulting maximal profits given this new information, we must take into account the functional relationship between revenues from concessions and the quantity of tickets sold.



TR = RT (Q) + RC (Q) + RRS + RB



TR = 6000 - 25P + 10Q + 800 + 1000



TC = 10000 + 0.5Q



Setting total revenue equal to total costs, we get:



6000 - 25P + 10Q + 800 + 1000 = 10000 + 0.5Q



-25P + 10.5Q = 4000



Substituting Q into RC (Q) = 10Q, we get:



RC (Q) = 10 (6000 - 25P)



TR = 6000 - 25P + 10 (6000 - 25P) + 800 + 1000



TR = 15000 - 25P



TC = 10000 + 0.5Q



Setting total revenue equal to total costs, we get:



15000 - 25P = 10000 + 0.5Q



25P = 5000 + 0.5Q



P = (5000 + 0.5Q) / 25



Q = 6000 - 25P



Substituting P into Q, we get:



Q = 6000 - 25((5000 + 0.5Q) / 25)



Q = 4800



P = (5000 + 0.5(4800)) / 25



P = 104



Therefore, the optimal ticket price (P*) is $104, the optimal quantity (Q*) is 4800, and the resulting maximal profits (π*) is $280,000 (TR - TC).

For more about revenues:

https://brainly.com/question/27325673

#SPJ11

Answer:

Nepal has been actively involved in United Nations (UN) peacekeeping missions for several decades, contributing troops and police officers to various missions around the world. Nepal's participation in peacekeeping missions began in 1958 with the deployment of a small team of military observers to the UN Truce Supervision Organization (UNTSO) in Palestine.

Since then, Nepal has contributed more than 130,000 peacekeepers to various UN missions, making it one of the largest contributors of troops to the UN. Nepalese peacekeepers have served in countries like Haiti, Liberia, Sudan, South Sudan, Ivory Coast, and many others.

Nepal's contributions to UN peacekeeping missions have been highly valued and appreciated by the international community. Nepalese peacekeepers have earned a reputation for their professionalism, discipline, and dedication to duty. They have played a crucial role in helping to maintain peace and stability in conflict-affected regions around the world.

In addition to contributing troops and police officers to UN peacekeeping missions, Nepal has also played an active role in promoting peace and stability in the South Asian region. As a member of the South Asian Association for Regional Cooperation (SAARC), Nepal has worked towards enhancing regional cooperation and addressing common challenges such as terrorism, poverty, and climate change.

Explanation:

The total surplus created in a perfectly competitive market is 5Q. The total surplus created by the monopolist is equal to the difference between the total revenue and total cost.

Total revenue is equal to the demand times the quantity, which in this case is (20-Q) * Q = 20Q - Q2. Total cost is equal to the marginal cost times the quantity, which is 15Q. Therefore, the total surplus created is 20Q - Q2 - 15Q = 5Q - Q2.

If the monopolist operated as if it were a perfectly competitive firm, the total surplus would be equal to the consumer surplus plus the producer surplus. In a perfectly competitive market, price is equal to marginal cost, so the price would be 15 in this case. The consumer surplus would be the area between the demand curve and the price (15), so it is equal to (20 - 15) * Q = 5Q. The producer surplus would be the area between the price (15) and the marginal cost (15), so it is equal to 0. Therefore, the total surplus created in a perfectly competitive market is 5Q.

For more about demand function:

https://brainly.com/question/28198225

#SPJ11

Answer:

Explanation:

Canada is smaller than India in terms of population and land area.

In terms of land area, Canada is the second-largest country in the world after Russia, with a total area of approximately 9.98 million square kilometers. In contrast, India has a total area of approximately 3.29 million square kilometers, making it significantly smaller than Canada.

In terms of population, India is much larger than Canada. As of 2021, India had an estimated population of over 1.39 billion people, making it the second-most populous country in the world after China. In contrast, Canada's population is around 38 million people.

Therefore, while Canada may be larger in terms of land area, India has a much larger population.

Ramon has mastered the concept of transitivity, which is when a set of three items is given, if the first item is bigger than the second, and the second is bigger than the third, then the first item is also bigger than the third. This is also known as transitivity of order.

Additionally, the concept of reversibility of thought is when one can apply the same logic to a reversed situation. For example, if a is bigger than b, then b is also smaller than a. This is also known as reversibility of order. Lastly, seriation is the ability to arrange objects in a logical order based on size, weight, or other characteristics. In this case, Ramon has mastered these three concepts.

For more about transitivity reversibility:

https://brainly.com/question/14362938

#SPJ11

Classical conditioning is a type of learning in which an organism learns to associate one stimulus with another. This is achieved through the repeated pairing of an unconditioned stimulus (US) with a conditioned stimulus (CS), resulting in a conditioned response (CR) to the CS.

The US is a stimulus that naturally and automatically triggers a response. For example, the smell of food is a US that naturally triggers salivation (the unconditioned response, or UR) in an animal.

The CS is a previously neutral stimulus that, after being paired with the US, eventually triggers the CR. For example, if a bell is repeatedly rung just before the smell of food is presented, the bell becomes the CS and eventually triggers salivation (the CR) even in the absence of the US.

In summary, classical conditioning involves the learning of a new association between a previously neutral stimulus (the CS) and a naturally occurring stimulus (the US), resulting in a learned response (the CR) to the CS.

To learn more about classical conditioning here:

https://brainly.com/question/17583598#

#SPJ11

The least likely strategy will be allowing the student to pass to avoid the discomfort of the students.

When addressing the problems of any student in his studies the teachers should not use strategies which can be beneficial for the students for short term and they should rather use the techniques that are beneficial for longer terms. In this case when Ms. Mcfail asks Deaver a question and he fails to answer the question then instead of letting the student pass to avoid his discomfort Ms. Mcfail should use strategies that would help the student to learn the answer and make him remember the answer for longer terms. These short term strategies may make the student helpless in future.

Learn more about Strategies at:

brainly.com/question/25887038

#SPJ4

A claim or encumbrance known as a "cloud on title" affects a property's ownership and may deter potential buyers in the future. The status of Mario's title is considered to be "clouded" due to the broken chain of title. A clouded title is one that has an unclear or uncertain ownership history, which can create difficulties in transferring ownership of the property.

In Mario's case, the broken chain of title 50 years prior to the current date means that there is a gap in the ownership history, which can raise questions about who truly owns the property. This can make it difficult for Mario to sell or transfer ownership of the property without first resolving the issue and obtaining a clear title.

For more such questions on  ownership

https://brainly.com/question/30284224

#SPJ11

The answer is False. The 20-year-old university student who isn't working and is not actively seeking a job would be considered part of the labor force because they are over 16 is a false statement.

Labor is the effort that individuals put in the making of commodities and services. Both the engineer who built the bus that delivers you to school and the waiter who gives your lunch at a near restaurant are examples of labor resources.

Unskilled labor is work that doesn't call for any specialized knowledge or expertise. Not as much as expert labor, semi-skilled work still requires some knowledge and training. Work that need a high degree of education and expertise is referred to as skilled labor.

To know more about Labor visit:

https://brainly.com/question/14348614

#SPJ1

Answer: because Korea helped China

Explanation:

because in the world war2 and 1

Hootsuite would produce a video that celebrates Herschel's company and barely mentions Hootsuite to build brand partnerships and increase reach. The answer to the question is: To build brand partnerships and increase reach.

A brand partnership is an agreement between two or more businesses to combine resources and share revenue. The partnership might be for a product, a service, an event, or a marketing campaign. Each brand must have a solid brand identity and reputation to be successful in the collaboration.

The reasons for producing a video that celebrates Herschel's company and barely mentions Hootsuite include: To reach a broader audience: Herschel has a well-established following, and Hootsuite can benefit from it. By partnering with Herschel, Hootsuite can expand its reach to a new audience.

To build brand partnerships: Herschel is a successful brand, and the partnership can add value to both companies. Herschel could leverage Hootsuite's digital expertise, while Hootsuite could benefit from Herschel's aesthetic expertise.

To add credibility to the partnership: Herschel's reputation and Hootsuite's digital expertise are combined in this partnership. This video showcases the shared values and helps add credibility to the partnership. To create a buzz: The video was created to create a buzz and engage the target audience.

Creating a video that celebrates Herschel's company helps to create a buzz and generate engagement and interest from both audiences.

To know more about Hootsuite, refer here:

https://brainly.com/question/26633592#

#SPJ11

As a result of this change in demand, the equilibrium quantity will decrease by 0.60 million metric tons per year. The new equilibrium quantity of copper will be 17.4 million metric tons per year.

Elasticity refers to the degree of responsiveness of supply and demand in response to changes in price or income. Demand elasticity is a measure of how much demand changes as a result of a price change. Supply elasticity is a measure of how much supply changes as a result of a price change.

In this question, we are asked to calculate the effect of a 20% increase in copper demand on the price of copper using the original elasticities of demand and supply.The demand equation is Q = 27 - 3PThe supply equation is Q = -9 + 9PP = (Q + 9) / 9Substitute P in Q = 27 - 3PQ = 27 - 3 ((Q + 9) / 9)Simplifying,Q = 24 - (1/3)QNew quantity demanded after a 20% increase isQ2 = 1.2 Q1where Q1 is the original quantity demandedQ2 = 1.2 x 18Q2 = 21.6Equilibrium price before the increase in demand is$3.00 per poundTherefore,P1 = $3.00 per poundThe effect of a 20% increase in copper demand on the price of copper is:P2 = P1 × (1 + ED/ES) × (Q2/Q1)P2 = $3.00 × (1 - 0.5/1.5) × (21.6/18)P2 = $3.29 per pound

The price of copper will increase by $.29 as a result of this change in demand.The initial equilibrium quantity is Q* = 18 million metric tons per year. The effect of the change in demand on the equilibrium quantity is calculated as follows:Q2 = 21.6 million metric tons per yearQ1 = 18 million metric tons per yearTherefore,∆Q = Q2 - Q1= 21.6 - 18= 3.6 million metric tons per year As a result of this change in demand, the equilibrium quantity will decrease by 0.60 million metric tons per year. The new equilibrium quantity of copper will be 17.4 million metric tons per year.

To know more about Elasticity refer to-

brainly.com/question/28790459#

#SPJ11

The role of American International Group (AIG) and Lehman Brothers in the financial crisis of 2008 was to be two of the largest firms to suffer dramatic losses in the crisis.

AIG was an insurance firm that specialized in selling credit default swaps, and Lehman Brothers was an investment bank. Both firms became overly exposed to risks in the form of credit default swaps and mortgage-backed securities.

To protect themselves from the risks that befell them, AIG and Lehman Brothers should have exercised greater caution and responsibility in their investment decisions. They should have taken measures to diversify their portfolios, limit their exposure to high-risk investments, and create more stringent risk management policies.

Additionally, they should have engaged in greater transparency to ensure that their investors and stakeholders were informed of their risk profile.

To know more about AIG click here:

https://brainly.com/question/22394224#

#SPJ11

A person who scores more highly in the intuition (N) than sensing (S) category on the Myers-Briggs test tends to rely more on their intuition (intuitive person).

They also tends to rely more on imagination, and abstract thinking than on direct sensory experiences and practical, tangible information.

People with a preference for intuition are more likely to focus on possibilities, patterns, and connections between things, rather than on facts, details, and concrete reality. They may be more interested in exploring abstract concepts and ideas, and may be more comfortable with ambiguity and uncertainty than those who prefer sensing.

This preference can be helpful in fields that require creativity, innovation, and long-term planning, but may be less advantageous in situations that require a strong focus on concrete details and immediate action.

Learn more about Myers-Briggs test https://brainly.com/question/28060906

#SPJ11

Transactional selling is a type of selling that focuses on short-term sales goals and focuses on the immediate sale of a product or service.

Sale is the act of exchanging goods or services for money. It is a transaction between a buyer and seller, where the seller agrees to give the buyer goods or services in exchange for a certain amount of money.

It is often associated with the exchange of goods or services for money, and it is typically done on an individual sale basis. This type of selling is often used to make a quick sale and move on to the next customer.
The main characteristics of transactional selling are that it is focused on the sale of an individual product or service, it is often done on an individual sale basis, and its goal is to make a quick sale and move on to the next customer.
Value selling, on the other hand, is a type of selling that focuses on long-term relationships and emphasizes the value of the product or service being sold. This type of selling is focused on building relationships with customers and providing a higher value for their purchase. It is often used to build customer loyalty and make sure that customers keep coming back for more.
The main characteristics of value selling are that it is focused on building relationships with customers and providing a higher value for their purchase, it is often used to build customer loyalty, and it emphasizes the long-term value of the product or service being sold.
A sales person should have the following skills to succeed in transactional selling: the ability to make quick sales, persuasive skills, and knowledge of the product or service being sold. To succeed in value selling, a sales person should have the following skills: the ability to build relationships with customers, persuasive skills, and the ability to explain the value of the product or service being sold.

To learn more about sale
https://brainly.com/question/28424191
#SPJ1

Highly invasive consumption behavior is when a consumer chooses to purchase or use products or services that create a distinct self-identity, such as brand name clothing or expensive cars.

Minimally invasive consumption behavior is when a consumer chooses to purchase or use products or services that don't create a distinct self-identity, such as generic items or thrift store purchases.

Invasive consumption behavior can lead to a shift in one's self-identity, while minimally invasive consumption behavior may have a minimal impact.

The following are examples of invasive and minimally invasive consumption behaviors:

Highly invasive consumption behavior: A highly invasive consumption behavior is purchasing luxury items. People who purchase luxury items, such as designer clothing, high-end cars, and expensive jewelry, do so to demonstrate their status and wealth. People who purchase luxury items often become emotionally attached to them and see them as a part of their identity.

Minimally invasive consumption behavior: A minimally invasive consumption behavior is purchasing environmentally friendly products. People who purchase environmentally friendly products do so to demonstrate their commitment to the environment. While this behavior is not typically seen as invasive, it can have a positive impact on one's self-identity.

By purchasing environmentally friendly products, individuals can feel as though they are doing their part to protect the planet.

To know more about consumption behavior, refer here:

https://brainly.com/question/14366312#

#SPJ11

Governments can encourage foreign direct investment by creating a stable political environment that is conducive to investment.

Government Policies or Programs Used to Promote National Trade:
1. Tariffs: Governments may use tariffs to protect domestic industries by setting taxes on imported goods.
2. Export Subsidies: These are government subsidies given to domestic companies to make their products more competitive in the global market.
3. Free Trade Agreements: Governments may negotiate free trade agreements with other countries, reducing or eliminating tariffs and other barriers to trade.

Government Policies that Encourage Foreign Direct Investment:
1. Tax Incentives: Governments may offer tax incentives to attract foreign direct investment.
2. Reduced Regulatory Burdens: Governments may reduce or eliminate certain regulations or bureaucratic processes to make it easier for foreign investors to operate in their country.
3. Investment Guarantees: Governments may provide guarantees for foreign investments, ensuring that investors can receive returns even in the face of economic or political instability.

For more about government Policies:

https://brainly.com/question/31017505

#SPJ11

The demand schedule is not included in the question. Hence, the question cannot be answered directly. However, the steps to draw a demand curve from the accompanying demand schedule are given below.

Steps to draw a demand curve:

1. Identify the price and quantity demanded pairs from the demand schedule.
2. Plot the price on the vertical axis and the quantity demanded on the horizontal axis.
3. Mark the price-quantity pairs on the graph and connect them to form a smooth curve.

Now let's understand the types of elasticity of demand and how to find them:

Elastic demand: The demand is said to be elastic when a small change in price causes a larger change in the quantity demanded. The elasticity of demand is greater than 1.

Inelastic demand: The demand is said to be inelastic when a large change in price causes a small change in the quantity demanded. The elasticity of demand is less than 1.

Unit elastic demand: The demand is said to be unit elastic when a change in price causes an equal proportional change in quantity demanded. The elasticity of demand is equal to 1.

The mid-point method can be used to find the types of elasticity of demand. It is a formula that helps in calculating the elasticity of demand when the price and quantity demanded are given.

The mid-point method formula is given as follows:

Elasticity of demand = (Q2 - Q1) / [(Q2 + Q1) / 2] / (P2 - P1) / [(P2 + P1) / 2]

If the elasticity of demand is greater than 1, the demand is elastic. If the elasticity of demand is less than 1, the demand is inelastic. If the elasticity of demand is equal to 1, the demand is unit elastic.

Firms are interested in the type of elasticity of demand because it helps them determine the price and quantity demanded relationship. If the demand is elastic, they have to be careful while increasing the price because it might result in a decrease in revenue due to the decrease in quantity demanded. If the demand is inelastic, they can increase the price as the change in quantity demanded is not significant.

To know more about elasticity of demand, refer here:

https://brainly.com/question/30465432#

#SPJ11

To draw a typical set of U-shaped, short-run average cost curves, start with a graph that has a vertical axis for Cost (C) and a horizontal axis for Quantity (Q).

Then, draw the Average Total Cost (ATC) curve by plotting the points that represent the average total cost of producing various levels of output.

Next, draw the Average Variable Cost (AVC) curve by plotting the points that represent the average variable cost of producing various levels of output. Finally, draw the Marginal Cost (MC) curve by plotting the points that represent the marginal cost of producing additional units of output.

Note that both the ATC and AVC curves will be U-shaped and will have the same shape, however, the ATC curve will always be higher than the AVC curve since it includes fixed costs.

To know more about average total cost, refer here:

https://brainly.com/question/22507067#

#SPJ11

Answer:

O He was looking for new markets for Portuguese products.

Even if the car has an air bag, the driver must insist on wearing a seatbelt.

The function of a seat belt, also referred to as a safety belt or seatbelt, is to safeguard the vehicle's driver or passenger from potentially hazardous movement that could happen during an accident or an abrupt stop. By lessening the force of secondary hits with interior striking hazards, retaining occupants in the proper position for the airbag's optimal effectiveness (if provided), and preventing people from being ejected from the vehicle after a crash or if the vehicle rolls over, a seat belt lowers the likelihood of death or serious injury in a traffic collision.

To know more about the seatbelts visit:

https://brainly.com/question/21343468

#SPJ1

Social compensation is a phenomenon in which members of a group work harder to compensate for the lack of effort of other group members. The correct answer is D.) all of the above.

When a group member feels that others are not contributing, they increase their own effort to compensate for the group's shortcomings. This increase in effort is known as social compensation.Social compensation is most likely to occur in a group when all of the above factors are present: group cohesiveness is very high, all group members are highly motivated to accomplish group tasks, and a high-ability member realizes that his or her maximum effort is required for the group to be successful because other group members have less ability to perform effectively.

Social compensation is a positive and beneficial phenomenon for groups as it leads to higher group performance and productivity. The correct answer is D.) all of the above.

To know more about Social compensation refer to-

brainly.com/question/28259209#

#SPJ11

Globalization has had a profound effect on the U.S. economy.Three fundamental contributors to the effects of globalization are increased international trade, investment flows, and advances in technology.

Globalization has revolutionized the economy of the United States. The following are the ways globalization has transformed the U.S. economy:Globalization has had a significant impact on the U.S. economy. The three fundamental contributors to the effects of globalization are technology, free trade, and outsourcing.

The winners of globalization in the U.S. economy are big corporations, investors, and skilled workers. In contrast, the losers of globalization are low-skilled workers, small businesses, and unskilled workers. Some of the ways globalization has affected the U.S. economy are listed below:

1. Increase in employment opportunities: Globalization has created numerous job opportunities in the U.S. economy. The increase in employment opportunities is mainly due to the growth of international trade.

2. Increase in consumer options: Consumers in the U.S. economy have a wide range of products and services to choose from due to globalization.

3. Increased competition: Globalization has increased competition in the U.S. economy. The competition has resulted in increased efficiency and productivity, which has led to lower prices for consumers.However, globalization has had both positive and negative effects on the U.S. economy.

The U.S. consumer has benefited from globalization by having access to a wider range of goods and services at lower prices. However, low-skilled workers in the U.S. economy have lost jobs due to outsourcing. In conclusion, globalization has had a significant impact on the U.S. economy. Its effects are mixed, with some winners and losers.

Learn more about globalization here:

brainly.com/question/15283031

#SPJ11

Answer:

Creating awareness: The local government can organize cultural events and workshops to educate people about the importance of classical and folk dances. They can also encourage schools to teach these dance forms.

Funding and support: The local government can provide funding for dance schools, cultural centers, and other institutions that promote classical and folk dances. They can also provide infrastructure and logistical support for dance events and festivals.

Encouraging participation: The local government can encourage and support dancers and performers by providing platforms for them to showcase their talent. They can also organize competitions and festivals to motivate young artists.

Documentation: The local government can play a crucial role in documenting classical and folk dances. They can fund research projects, document performances, and maintain archives to preserve the history and evolution of these dance forms.

In summary, the local government can create awareness, provide funding and support, encourage participation, and document classical and folk dances to preserve and promote these vital cultural heritage elements.

Investment spending is volatile because it is closely tied to economic conditions such as changes in interest rates, business confidence, and expectations of future growth.

These factors can fluctuate rapidly, leading to changes in investment decisions made by businesses. Policy changes by the government can have an impact on investment, but the extent of the impact may be limited by the volatility of investment. For example, a decrease in interest rates may encourage businesses to increase investment spending, but if business confidence is low or there is uncertainty about the future economic outlook, this may not translate into increased investment.

In general, government policies that create a stable and predictable economic environment are more likely to encourage long-term investment. Additionally, policies that target specific industries or sectors may also be effective in stimulating investment in those areas.

For more about investment spending:

https://brainly.com/question/29766778

#SPJ11

Primary context refers to the original position of an archaeological find, while secondary context refers to the position of an archaeological find after it has been disturbed or moved.

1. "A pot is found buried in the ground in the same position it was left by its original users." - This statement describes a situation in primary context, as the pot is in its original position.

2. "A tool is found on the surface of the ground, having been moved from its original position by natural processes or human activity." - This statement describes a situation in secondary context, as the tool has been moved from its original position.

3. "A skeleton is found in a burial site, with no evidence of disturbance." - This statement describes a situation in primary context, as the skeleton is in its original position and there is no evidence of disturbance.

4. "A coin is found in a different location from where it was originally lost or deposited, due to erosion or excavation." - This statement describes a situation in secondary context, as the coin has been moved from its original position due to natural or human activity.

For more such questions on Archaeological finds.

https://brainly.com/question/1230738#

#SPJ11

Price Discrimination is defined as the practice of selling a product or service to different customers at different prices. In other words, price discrimination refers to charging different prices for the same product or service, depending on the customer or the circumstances.

Price discrimination can be done in many ways, such as charging higher prices to customers who are willing to pay more, or lower prices to customers who cannot afford to pay full price.

Companies can also use pricing strategies to attract customers to buy in bulk or shop frequently, such as offering membership programs that provide discounts, free shipping, and other benefits.

GNC provides a membership program that allows members who have paid the annual fee to receive discounts, free shipping, and pro boxes. There is a perceived value added for customers that buy in bulk or shop at GNC frequently. This is an example of price discrimination because GNC charges different prices for the same products or services, depending on whether the customer is a member or not.

GNC's membership program is designed to attract customers who are willing to pay more for the perceived value added by the program. By doing so, GNC is able to maximize profits by charging different prices to different customers based on their willingness to pay.

To know more about price discrimination refer here :https://brainly.com/question/14969650#

#SPJ11