Author Question: A doctor charges two different prices for medical services, and the price level depends on the ... (Read 126 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
A doctor charges two different prices for medical services, and the price level depends on the patients' income such that wealthy patients are charged more than poorer ones. This pricing scheme represents a form of
 
  A) first-degree price discrimination.
  B) second-degree price discrimination.
  C) third-degree price discrimination.
  D) pricing at each consumer's reservation price.

Question 2

An effective price ceiling causes a loss of
 
  A) producer surplus for certain and possibly consumer surplus as well.
  B) consumer surplus only.
  C) producer surplus only.
  D) consumer surplus for certain and possibly producer surplus as well.
  E) neither producer nor consumer surplus.



Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

For a complete list of videos, visit our video library