Some professors grade students on the basis of an absolute percentage of the hig

Question

Some professors grade students on the basis of an absolute percentage of the highest score earned on each test given during the semester. All students who get within a certain percentage of the highest score earned get an A. Why do these professors not worry that the students will get together and collude in such a way as to keep the high score in the class equal to a very low total?

Many manufacturers of clothing and other consumer goods open stores in outlet malls where they charge much lower prices than they charge in their own stores located within cities. Outlet malls are typically located a considerable distance from major metropolitan areas, and stores in them typically charge much lower prices than do stores located within cities. Given that both sets of stores are often owned by the same firm, explain this price discrimination based on likely differences in the price elasticity of demand between consumers in the two types of stores.

Explanation / Answer

1. This wouldn't be a problem to the professorts as they might be aware of the act that matter of studies is actually a selfish one and atleast a considereable amount of students in the class study a lot and they expect to get themselves differentiated a lot rewarded at that instant. In this regard, they'll always aim to keep up their scores on a quite high node and this is something highly desired by the professor on the whole. They will eventually never club with the other students in such activities.

2. The consumers can be classified into two major categories in this regard. The first set of consumers are conscious about time and very less about price. they wouldn't mind even the price of the product is more when the time for acquiring is less. The second set of consumers are worried about the rice aqnd they intend to get the product at a cheaper price than the expected one and for this, they would travel a lot even to the outskirts. The company's main motto is to target both these type of consumers and with that they can promote their brand as well as they can earn profits as well.

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