Which of the following statements is true of geographic pricing? Group of answer choices Freight absorption pricing is a tactic that requires a buyer to absorb the freight costs from the shipping point. Postage stamp pricing is adopted when the marketing manager wants total costs to be equal for all purchasers of identical products. With basing-point pricing, a seller designates a location as a basing point so that all buyers are not charged the freight cost from that point. Uniform delivered pricing divides the United States into segments or zones and charges a flat freight rate to all customers in a given zone.

3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?