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Author Question: If the monopoly illustrated in the figure above could engage in perfect price discrimination, the ... (Read 66 times)

mp14

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on: Jun 29, 2018
If the monopoly illustrated in the figure above could engage in perfect price discrimination, the deadweight loss would be
 
  A) 0.
  B) 22.50.
  C) 90.00.
  D) 250.00.

Question 2

La Super Rica is a taco stand in Santa Barbara, California. It is popular with the locals and even the late Julia Child found the food delicious.
 
  If La Super Rica is currently producing where marginal revenue is greater than marginal cost, to increase its profit La Super Rica should A) increase production.
  B) decrease production.
  C) not change its production because it is maximizing its profit.
  D) Not enough information is given to determine what La Super Rica should do.


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Hikerman221

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

A

Answer to Question 2

A


mp14

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scikid

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

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