We’re bringing again worth idea with our sequence on Worth Concept issues with Professor Bryan Cutsinger. You’ll be able to view the earlier downside and Cutsinger’s answer right here and right here.
Share your proposed options within the Feedback. Professor Cutsinger might be current within the feedback for the following couple of weeks, and we’ll submit his proposed answer shortly thereafter. Could the graphs be ever in your favor, and lengthy stay worth idea!
Query: Uber provides a membership possibility that entitles members to a share discount within the worth of Uber rides. Consider the next two statements:
1- Suppose an Uber buyer is detached between turning into an Uber member or paying the usual Uber trip worth. This buyer won’t ever spend much less, and, basically, will spend extra on Uber rides if the client turns into a member. (Assume that Uber rides are a homogenous good.)
2- Introducing the membership possibility can by no means cut back the variety of Uber rides this buyer takes.
