Author Question: In peak-load pricing, A) marginal revenue is equal in both periods. B) marginal revenue in the ... (Read 56 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
In peak-load pricing,
 
  A) marginal revenue is equal in both periods.
  B) marginal revenue in the peak period is greater than in the off-peak period.
  C) marginal revenue in the peak period is less than in the off-peak period.
  D) the sum of the marginal revenues is greater than the sum of the marginal costs.

Question 2

The consumer's gain from the imposition of a price ceiling is higher when
 
  A) the own price elasticity of market demand is high and the price elasticity of market supply is high.
  B) the own price elasticity of market demand is high and the price elasticity of market supply is low.
  C) the own price elasticity of market demand is low and the price elasticity of market supply is high.
  D) the own price elasticity of market demand is low and the price elasticity of market supply is low.



zoeyesther

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

For a complete list of videos, visit our video library