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1. Provide the economic logic behind each of the following pricing practices:
a) The Carolina Hurricanes sell tickets in the upper level for $30 per game but charge only $20 per game if you buy season tickets.
b) Vin Rouge (gourmet French restaurant in Durham) offers a three-course dinner on Sunday-Thursday from 530-630 for $25. Buying three courses a la carte would cost $35 or more.
c) Christie's auctions off rare paintings by renowned artists
d) Victoria's Secret places $10 coupons in catalogs mailed to customers with common female first names and $25 coupons in catalogs mailed to customers with common male first names. (I am not making this up.)
e) Resort hotels in the Caribbean charge twice as much in the winter as the rest of the year
f) Coke charges $2 for a six-pack and $3 for a 12-pack.
This is a business law question there is now select subject for business law so I chose economic Miller, R. (2013). Fundamentals of Business Law: Describe the value of having a will or a trust.
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