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Author Question: To maximize profits, a monopolist that engages in price discrimination must allocate output in such ... (Read 87 times)

pane00

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on: Jul 1, 2018
To maximize profits, a monopolist that engages in price discrimination must allocate output in such a way as to make identical the ____ in all markets.
 a. ratio of price to marginal cost
  b. ratio of marginal cost to marginal utility
  c. ratio of price to elasticity
  d. marginal revenue
  e. none of the above

Question 2

Someone who values a lottery at more than the expected value is
 a. a risk lover
  b. risk neutral
  c. risk averse
  d. one who tends to play lots of lotteries


ntsoane kedibone

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

d

Answer to Question 2

a


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