« previous next »

Author Question: Given demand, the price is found where A) consumer surplus is maximized. B) average costs equal ... (Read 60 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
on: Jun 30, 2018
Given demand, the price is found where
 A) consumer surplus is maximized.
  B) average costs equal price.
  C) price equals marginal revenue.
  D) marginal revenue equals marginal cost.

Question 2

If a firm can charge different prices for each consumer it can practice
 A) second degree price discrimination.
  B) perfect price discrimination.
  C) third degree price discrimination.
  D) consumer surplus reversal


meryzewe

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

The composition of DNA sequences that are found in the nuclear genome of humans The composition of DNA sequences that are found in the nuclear genome of humans
The Peary caribou is a relatively small and pale subspecies found in the tundra of far northern Nort The Peary caribou is a relatively small and pale subspecies found in the tundra of far northern Nort
Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ... Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ...
How to find the components of a vector found in the first quadrant How to find the components of a vector found in the first quadrant
Shallow Hal Soundtrack 07 Baby, Now That I've Found You - The Foundations Shallow Hal Soundtrack 07 Baby, Now That I've Found You - The Foundations
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library