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Author Question: Suppose a pizza restaurant has two pizza ovens that may be used to bake pizzas, so the restaurant ... (Read 102 times)

james9437

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on: Jul 1, 2018
Suppose a pizza restaurant has two pizza ovens that may be used to bake pizzas, so the restaurant has a maximum capacity constraint that affects the shape of the firm's short-run marginal cost curve.
 
  What happens to maximum capacity segment of this curve if the firm adds another pizza oven? A) Shifts upward
  B) Shifts downward
  C) Shifts leftward
  D) Shifts rightward

Question 2

For a perfect first-degree price discriminator, incremental revenue is
 
  A) greater than price if the demand curve is downward sloping.
  B) the same as the marginal revenue curve if the firm is a non-discriminating monopolist.
  C) equal to the price paid for each unit of output.
  D) less than the marginal revenue for a non-discriminating monopolist.


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Shshxj

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

D

Answer to Question 2

C


james9437

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

isabelt_18

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Reply 3 on: Yesterday
Excellent

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