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Author Question: If you purchase one pound of apples the price is 1.50 per pound. If you buy a five pound bag of ... (Read 97 times)

hubes95

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on: Jul 1, 2018
If you purchase one pound of apples the price is 1.50 per pound. If you buy a five pound bag of apples, the cost is 5.00. This is most likely an example of
 
  A) quantity discounts.
  B) lower marginal cost.
  C) lower marginal benefit.
  D) price gouging.

Question 2

In a two-player simultaneous game, if player A has a dominant strategy and player B does not, player B will
 
  A) employ a mixed strategy.
  B) choose his best strategy assuming that player A plays her dominant strategy.
  C) not achieve a Nash equilibrium.
  D) assume that player A does not choose her dominant strategy.
Microeconomics ¦ Perloff ¦ 8th Edition
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asware1

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


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