Author Question: If price is equal to short-run average variable cost, the firm is at the point known as: a. the ... (Read 55 times)

erika · **on:** Jul 1, 2018

If price is equal to short-run average variable cost, the firm is at the point known as:
a. the break even point.
b. the profit maximizing point.
c. the shutdown point.
d. the revenue maximizing point.

Question 2

The following are possible examples of price discrimination, EXCEPT:
a. prices in export markets are lower than for identical products in the domestic market.
b. senior citizens pay lower fares on public transportation than younger people at the same time.
c. a product sells at a higher price at location A than at location B, because transportation costs are higher from the factory to A.
d. subscription prices for a professional journal are higher when bought by a library than when bought by an individual.