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

Author Question: Using the demand schedule in the above table, the marginal revenue for a perfectly price ... (Read 194 times)

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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

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


« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Step stool can help clients get onto and off of a high table. Step stool can help clients get onto and off of a high table.
Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ... Mobilize knuckles with figure-8s. Turn the hand so palm faces the table. Grasp the proximal phalange ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
Christmas table decoration ideas Christmas table decoration ideas
table table
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library