Refer to Figure 16-7. The owners of the Lizard Lounge are considering the following four pricing options:
a. A single price scheme where the cocktail price equals the monopoly price.
b. A single price scheme where the cocktail price equals the competitive price.
c. A two-part tariff: a monopoly cocktail price and a cover charge that will generate total revenue equal to the area X.
d. A two-part tariff: a competitive cocktail price and whatever cover charge that will generate a total revenue equivalent to the area X + Y + Z.
Which pricing scheme(s) achieve the economically efficient outcome?
A) schemes a and c B) scheme b C) schemes b and d D) scheme d only
Question 2
If the economy is producing at potential GDP
A) the short-run aggregate supply curve must be vertical.
B) inflation in the economy is at its natural rate.
C) the Phillips curve must be positively sloped.
D) unemployment is at its natural rate.
Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t
Attributed to the Manner of Peleus Painter, Red-figure calyx-krater.
Unit Pricing Comparison
Colossal Figure of Akhenaten
Cut the figure into two identical parts
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately