The owner of the service said that the difference in fees, Ask an Expert

Economics

The Wall Street Journal once reported on dating services, noting that the fees were $300 for men and $250 for women. The owner of the service said that the difference in fees was to compensate for inequalities in pay scales for men and women. What is an alternative reason for this difference?

Answer More women than men use dating services.
More men than women use dating services.
Men like to brag about how much they spend on dating services.
Men have less price elastic demands for dating services than women.
Women have less price elastic demand than men.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M975966

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question suppose ford motor company issues a five year bond

Question: Suppose Ford Motor Company issues a five year bond with a face value of $5,000 that pays an annual coupon payment of $150. a. What is the interest rate Ford is paying on the borrowed funds? b. Suppose the marke ...

Question in the paper the signaling value of a high school

Question: In the paper "The Signaling Value of a High School Diploma" (Journal of Political Economy, 2014), Clark and Martorell attempt to differentiate between signaling and human capital theories of the returns to educ ...

Question describe how the government should set up

Question: Describe how the government should set up monopolists price to ensure allocatice efficiency. What is the problem with setting the price at this level? The response must be typed, single spaced, must be in times ...

Question the 78 drop in the nasdaq index was actually

Question: The 78% drop in the Nasdaq index was actually greater in real terms than the 90% drop in the Dow from 1929 to 1932. Yet the economy suffered only a brief recession and rebounded quickly. Why did this huge decli ...

Question an internet service provider isp is contemplating

Question: An Internet service provider (ISP) is contemplating an investment of $50,000 in new computer servers and related hardware. The ISP projects an annual rate of return on this investment of 6 percent. a. The curre ...

Question suppose your favorite band is on tour and coming

Question: Suppose your favorite band is on tour and coming to your area. Tickets are $100, and you take a day off from work for which you could have earned $60. What is your opportunity cost of going to the concert? Now ...

Question the existence of the electoral college is one

Question: (The existence of the Electoral College is one indicator that the United States is not a true democracy in terms of representation. In a true democracy, each individual vote would count in a presidential electi ...

Question an auto repair shop is considering purchasing

Question: An auto repair shop is considering purchasing automated paint-spraying equipment. The company estimates that the equipment will last five years. Each year, it will save the company $4,000 in paint wasted in the ...

Question consider the industry in which you work or one

Question: Consider the industry in which you work, or one about which you have some knowledge. What are the costs and benefits associated with attempting to bar entry of other firms into this industry? How would a firm e ...

Question joe buys a buick to keep it simple ignore the

Question: Joe buys a Buick. To keep it simple, ignore the sales tax. In all cases the cash price of the new car is $25,000. Show how components of consumption and investment are affected if Joe: (A) Pays cash. (B) Pays c ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert