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Author Question: Which of these is NOT an exercise in general equilibrium analysis? A) A discussion of factors ... (Read 8 times)

Kthamas

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on: Jul 1, 2018
Which of these is NOT an exercise in general equilibrium analysis?
 
  A) A discussion of factors within the wheat market that influence wheat prices
  B) An analysis of the effects of changes in oil prices upon the natural gas market
  C) An evaluation of relationships between the markets for tires and automobiles
  D) none of the above

Question 2

What is the key characteristic of profit maximizing price discrimination that distinguishes intertemporal price discrimination from peak-load pricing?
 
  A) Peak-load pricing does not require MC = MR.
  B) Marginal revenue may be different across different groups of buyers under intertemporal price discrimination.
  C) Marginal costs are independent across time periods under peak-load pricing.
  D) Marginal revenue must be constant under both pricing schemes.


xiazhe

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

A

Answer to Question 2

C


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