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Author Question: Given the information in Scenario 14.1, what is the marginal revenue product of labor? A) ... (Read 37 times)

altibaby

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on: Jul 1, 2018
Given the information in Scenario 14.1, what is the marginal revenue product of labor?
 
  A) 0.5L-1/2
  B) 2L-1/2
  C) 12L-1/2
  D) 24L-1/2

Question 2

Club Med, which operates a number of vacation resorts, offers vacation packages at a lower price in the winter (i.e., the off season) than in the summer. This practice is an example of:
 
  A) peak-load pricing.
  B) intertemporal price discrimination.
  C) two-part tariff.
  D) bundling.
  E) Both A and B are correct.


yotaSR5

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

E


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