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Author Question: If the marginal cost of production is 10, the elasticity of demand for group 1 is -1.5, the ... (Read 65 times)

penza

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on: Jul 1, 2018
If the marginal cost of production is 10, the elasticity of demand for group 1 is -1.5, the elasticity of demand for group 2 is -2.5, and the price paid by group 1 is 15, the price for group 2 is
 
  A) 8.33.
  B) 27.
  C) 15.
  D) Impossible to tell.

Question 2

What is one reason online prices might be considerably lower than brick-and-mortar prices?
 
  A) Online retailers engage in more price discrimination.
  B) Brick-and-mortar retailers engage in more price discrimination.
  C) Brick-and-mortar retailers may have higher costs.
  D) Online retailers are more likely to have steep demand curves.
Microeconomics ¦ Perloff ¦ 8th Edition
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dawsa925

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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penza

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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