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Checkpoint quiz · Everyday Economics Puzzles

Everyday Economics Puzzles: Checkpoint 1

Quick checkpoint - five questions on popcorn, first-of-season mangoes, airport food, sachets and gym memberships.

Quick checkpoint - five questions on popcorn, first-of-season mangoes, airport food, sachets and gym memberships.

Question 1 of 5 Why do cinemas keep ticket prices moderate but charge a lot for snacks?

Snacks are very expensive to make They share ticket revenue with distributors but keep snack revenue, and snacks sort customers by willingness to pay The law requires it Tickets are taxed more

Revenue sharing and price discrimination explain high snack prices.

Question 2 of 5 Why are the first mangoes of the season so expensive?

They cost much more to grow Tiny early supply is bought by the buyers most willing to pay The government sets a higher price Early mangoes are always better quality

As supply floods in later, prices fall so that ordinary buyers will purchase.

Question 3 of 5 Why are sachets popular with lower-income households?

They are always cheaper per gram They fit tight daily budgets when people cannot spend a large sum at once They are required by law They are only sold in cities

Liquidity constraints make small packs attractive even at a higher unit price.

Question 4 of 5 Why are essentials like milk often at the back of supermarkets?

To make shoppers walk past more products, and because storage is often there Because milk is unpopular To keep milk hidden from children Because of tax rules

Layout increases exposure to other products, while also easing restocking.

Question 5 of 5 What did the gym study by DellaVigna and Malmendier find?

Members went to the gym every day Many members paid more per visit than the pay-per-visit price Gyms lose money on memberships Memberships are always cheaper

Overconfidence about future attendance led members to overpay.

← Back to Why Do Gyms Push Annual Memberships? Next lesson → Why Is It Hard to Find a Taxi in the Rain?

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