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Author Question: Using the demand schedule in the above table, the marginal revenue for a perfectly price ... (Read 226 times)

DelorasTo

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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


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jonathanballen97

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


DelorasTo

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Reply #2 on: Jun 29, 2018
Thank you :)


jonathanballen97

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Reply #3 on: Jun 29, 2018
Happy to help you


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