« previous next »

Author Question: In peak-load pricing, A) marginal revenue is equal in both periods. B) marginal revenue in the ... (Read 26 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Genetics of Widow's Peak Genetics of Widow's Peak
Pressure testing the cooling system. A typical hand-operated pressure tester applies pressure equal ... Pressure testing the cooling system. A typical hand-operated pressure tester applies pressure equal ...
A typical peak-and-hold fuel-injector waveform. Most fuel injectors that measure less than 6 ohms ... A typical peak-and-hold fuel-injector waveform. Most fuel injectors that measure less than 6 ohms ...
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Ionic bonds - role of ions in the body

For a complete list of videos, visit our video library