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

Author Question: Refer to Figure 16-2. Suppose Plato Playhouse price discriminates. Which of the following statements ... (Read 122 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
Refer to Figure 16-2. Suppose Plato Playhouse price discriminates. Which of the following statements is true?
 
  A) By charging two different prices, the theatre company has redistributed some profits from those who can pay higher prices to those who cannot, thereby increasing economic efficiency.
  B) By charging two different prices, the theatre company essentially allows those willing to pay higher prices to subsidize those who are not.
  C) Plato Playhouse will earn higher profits if it charges a single pricean average of the two prices instead of charging two different prices to the two different groups of customers.
  D) By charging two different prices, the theatre company has redistributed some profits from those who can pay higher prices to those who cannot, thereby improving equity.

Question 2

Refer to Figure 11-11. The minimum efficient scale of output is reached at what rate of output?
 
  A) 10,000 workers B) 10,000 picture frames
  C) 20,000 picture frames D) 5,000 picture frames


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


renzo156

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Wow, this really help

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
Attributed to the Manner of Peleus Painter, Red-figure calyx-krater. Attributed to the Manner of Peleus Painter, Red-figure calyx-krater.
Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ... Mobilize the joints in the hand. Follow with figure-8s at the knuckles and scissoring the ...
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Cut the figure into two identical parts Cut the figure into two identical parts
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library