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Author Question: Which of the following is a public good? A) Telephone service B) Broadcast TV C) A daily ... (Read 83 times)

soccerdreamer_17

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on: Jul 1, 2018
Which of the following is a public good?
 
  A) Telephone service
  B) Broadcast TV
  C) A daily newspaper
  D) The Red Cross
  E) all of the above

Question 2

Suppose your manufacturing firm is not a price-taking seller (i.e., has some control over your product price) and sells machinery to U.S. (domestic) buyers as well as foreign buyers.
 
  The domestic demand for your product is inelastic but the foreign demand is elastic, and the machinery is bulky so that the high transport costs prevent resale among the buyers. You could charge both groups of buyers the same price for the machinery, but you know that you could increase total sales revenue by charging the domestic buyers a ________ price and charging the foreign customers a ________ price. A) higher, higher
  B) higher, lower
  C) lower, higher
  D) lower, lower


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lorealeza

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

B

Answer to Question 2

B


soccerdreamer_17

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Reply #2 on: Jul 1, 2018
Correct answers!


lorealeza

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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