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Author Question: Marginal cost typically ________ and marginal revenue typically _________ with increasing output. ... (Read 61 times)

pragya sharda

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on: Jul 1, 2018
Marginal cost typically ________ and marginal revenue typically _________ with increasing output.
 a. rises; falls
  b. falls; rises
  c. rises; rises
  d. falls; falls

Question 2

For direct price discrimination to work
 a. The firm need not be able to identify the members of the low-value group
 b. The firm be able to charge the low-value customers a lower price than the higher-value customers
  c. The firm need not worry about any arbitrage since all its customers are charged the same price
  d. It needs to be too complicated for the customers to understand


tashiedavis420

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

a

Answer to Question 2

b


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