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Author Question: A ____ total cost function implies that marginal costs ____ as output is increased. a. linear; ... (Read 41 times)

segrsyd

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on: Jul 1, 2018
A ____ total cost function implies that marginal costs ____ as output is increased.
 a. linear; increase linearly
  b. quadratic; are constant
  c. cubic; increase linearly
  d. linear; are constant
  e. none of the above

Question 2

Which of the following is TRUE?
 a. Discount retailers can defeat price discrimination by the manufacturers through arbitrage
 b. Arbitrage is not an effective way for retailers to defeat price discrimination by manufacturers
 c. Retailers are incapable of defeating upstream price discrimination once the manufacturer sets prices
  d. High End retailers can defeat price discrimination by the manufacturers through arbitrage


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Brenm

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

d

Answer to Question 2

a


segrsyd

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
Wow, this really help

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