This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The outcome of first-degree price discrimination is: A) Pareto efficient with equity. B) Pareto ... (Read 248 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
The outcome of first-degree price discrimination is:
 
  A) Pareto efficient with equity.
  B) Pareto efficient with inequity.
  C) Pareto inefficient with inequity.
  D) Pareto inefficient but is equitable.

Question 2

An increase in the level of government price supports for wheat will not make wheat farming more profitable because
 
  A) by definition government actions cannot affect profits.
  B) it raises the cost of growing wheat as well as the revenue.
  C) profit is the consequence of certainty and government policies are inherently uncertain.
  D) the demand for wheat is inelastic.
  E) wheat farmers are price takers, not price searchers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


clippers!

  • Hero Member
  • *****
  • Posts: 828
Reply #2 on: Jun 29, 2018
Thank you


frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ... Outcome of myocardial infarction. Forty percent of 1-week survivors have late complications ...
(A) A brisk half-moon stroke is an efficient technique to use with the body brush or exfoliation ... (A) A brisk half-moon stroke is an efficient technique to use with the body brush or exfoliation ...
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Lone-parent household income and the degree of vulnerability Lone-parent household income and the degree of vulnerability
Which outcome corresponds to the reaction:H3AsO4 + 3 OH- → 3 H2O + AsO43-? Which outcome corresponds to the reaction:H3AsO4 + 3 OH- → 3 H2O + AsO43-?
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library