This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a market is productively efficient, a. the output is being produced at the lowest possible ... (Read 11 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
If a market is productively efficient,
 a. the output is being produced at the lowest possible resource cost
  b. the output is selling for the lowest possible price
  c. economic profit in the market is positive
  d. the output being produced is what consumers want
  e. no firm can earn a normal profit

Question 2

When a monopolist practices perfect price discrimination,
 a. consumers receive no consumer surplus
  b. there is allocative inefficiency
  c. there is a deadweight loss
  d. profit is lower than for the nondiscriminating monopolist
  e. total revenue is less than for the nondiscriminating monopolist


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tdewitt

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Excellent

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio
The medical assistant is measuring the urine output from a patient who has an indwelling Foley ... The medical assistant is measuring the urine output from a patient who has an indwelling Foley ...
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV. When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV.
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library