Author Question: In peak-load pricing, A) marginal revenue is equal in both periods. B) marginal revenue in the ... (Read 57 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?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

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?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For a complete list of videos, visit our video library