[Answered] Using the demand schedule in the above table, the marginal revenue for a perfectly price ...

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DelorasTo

Hero Member
Posts: 548

on: Jun 29, 2018

Using the demand schedule in the above table, the marginal revenue for a perfectly price discriminating monopolist from the sale of the third unit of output is

A) 3.
B) 4.
C) 5.
D) 6.

Question 2

If the demand for farm products is income elastic, that would mean that farm products were a necessity.

Indicate whether the statement is true or false

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jonathanballen97

Sr. Member
Posts: 347

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

FALSE

DelorasTo

Hero Member
Posts: 548

Reply #2 on: Jun 29, 2018

Thank you

jonathanballen97

Sr. Member
Posts: 347

Reply #3 on: Jun 29, 2018

Happy to help you

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