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Author Question: Give an example of price discrimination. What will be an ideal ... (Read 71 times)

Hungry!

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on: Jun 29, 2018
Give an example of price discrimination.
 
  What will be an ideal response?

Question 2

What is meant by marginal revenue?
 
  What will be an ideal response?


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Ksanderson1296

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Though there are many examples of price discrimination, price discrimination occurs when senior citizens get cheaper drugs, students get discounts at movies, or children under two can enter museums free.

Answer to Question 2

Marginal revenue is the additional revenue that a firm takes in when it increases output by one additional unit. In perfect competition, price and marginal revenue are equal.


Hungry!

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Reply 2 on: Jun 29, 2018
Excellent

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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