Microeconomics

Replies / Views	Last post
The total welfare associated with a market that includes a government sales tax equals A) ... Started by kodithompson	3 Replies 34 Views	Jul 1, 2018 by vboyd24
Which of the following is NOT a potential result of a price floor? A) excess supply B) price ... Started by magmichele12	1 Replies 24 Views	Jul 1, 2018 by HandsomeMarc
A minimum wage is an example of a A) price floor. B) price ceiling. C) quantity quota. D) free ... Started by RODY.ELKHALIL	1 Replies 51 Views	Jul 1, 2018 by jlaineee
The tax revenue that is generated by a government tax is counted towards total welfare. Indicate ... Started by Pineapplelove6	1 Replies 184 Views	Jul 1, 2018 by enass
A ban on imports, a tariff, or a quota raises the price to domestic consumers. This means that ... Started by soccerdreamer_17	1 Replies 149 Views	Jul 1, 2018 by jomama
The welfare loss from an import quota is greater than that of an equivalent tariff because A) ... Started by Sufayan.ah	1 Replies 82 Views	Jul 1, 2018 by jharrington11
Rent seeking in the form of lobbying for an increase in import tariffs by domestic producers A) ... Started by plus1	1 Replies 110 Views	Jul 1, 2018 by bobsmith
The welfare loss of a tariff equals that of an import quota that leads to the same level of imports. ... Started by WWatsford	1 Replies 70 Views	Jul 1, 2018 by snackralk
Explain why a government would impose an import tariff when domestic consumers suffer more than ... Started by KWilfred	3 Replies 200 Views	Jul 1, 2018 by ebonylittles
Why do firms engage in price discrimination? A) to decrease cost B) to increase profits C) to ... Started by ghost!	1 Replies 39 Views	Jul 1, 2018 by rleezy04
Theatres charge lower prices for a matinee and usually don't accept coupons for the night showing of ... Started by rmenurse	1 Replies 21 Views	Jul 1, 2018 by kjohnson
If consumers are identical, then A) price discrimination is impossible. B) price discrimination ... Started by Mr.Thesaxman	1 Replies 82 Views	Jul 1, 2018 by babybsemail
The case where a firm sells each unit at the maximum amount each customer is willing to pay for it ... Started by Mollykgkg	1 Replies 40 Views	Jul 1, 2018 by jaygar71
Historically, price discrimination was considered illegal in all instances. More recently, antitrust ... Started by renzo156	1 Replies 18 Views	Jul 1, 2018 by brittiany.barnes
If a firm faces a flat demand curve, A) it cannot engage in price discrimination. B) it can only ... Started by RODY.ELKHALIL	1 Replies 62 Views	Jul 1, 2018 by dantucker
Suppose a firm uses the following price strategy for every customer. The first two units purchased ... Started by james9437	1 Replies 14 Views	Jul 1, 2018 by yahahah24021
If two markets have the same price elasticity of demand at every price, a monopoly will not practice ... Started by KimWrice	3 Replies 27 Views	Jul 1, 2018 by abctaiwan
Explain why a firm can earn more profit by price discrimination than from setting a uniform price. ... Started by eruditmonkey@yahoo.com	1 Replies 50 Views	Jul 1, 2018 by ndhahbi
Which of the following sellers is most able to perfectly price discriminate? A) a college or ... Started by Medesa	1 Replies 24 Views	Jul 1, 2018 by kingfahad97
A perfect-price-discriminating equilibrium maximizes A) consumer surplus. B) the associated ... Started by jerry coleman	1 Replies 26 Views	Jul 1, 2018 by bookworm410
When a firm has a monopoly in a market and also perfectly price discriminates, total welfare A) ... Started by melly21297	1 Replies 62 Views	Jul 1, 2018 by dmurph1496
Which of the following helps a monopoly perfectly price discriminate? A) unit demand by each ... Started by vinney12	1 Replies 22 Views	Jul 1, 2018 by flexer1n1
Assume you have four tickets to a U2 concert. You decide to sell each of them separately on an ... Started by student77	1 Replies 79 Views	Jul 1, 2018 by amcvicar
At the current price of a good, Jessica's consumer surplus equals 12, Lauren's consumer surplus ... Started by mmm	1 Replies 51 Views	Jul 1, 2018 by akudia
A perfect price discriminator receives a price equal to marginal revenue for each unit. What will ... Started by bobbysung	3 Replies 44 Views	Jul 1, 2018 by frejo