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

Author Question: Price discrimination takes place when a firm A) charges the same price for all the units of its ... (Read 106 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
Price discrimination takes place when a firm
 
  A) charges the same price for all the units of its product that it sells.
  B) charges different prices for different units of its product.
  C) is discriminated against by consumers.
  D) None of the above answers is correct.

Question 2

What is economic profit?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A firm's economic profit is its total revenue minus its total opportunity cost, which is the sum of explicit costs and implicit costs.


DelorasTo

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 29, 2018
Thank you


bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Tracheostomy tube in place. Tracheostomy tube in place.
Rinne test: A. Place the base of the tuning fork on the mastoid process. B. Place tuning fork in fro Rinne test: A. Place the base of the tuning fork on the mastoid process. B. Place tuning fork in fro
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ... In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ...
Draping for a woman’s chest. A. Place a towel over the sheet on the upper chest. B. Hold the towel ... Draping for a woman’s chest. A. Place a towel over the sheet on the upper chest. B. Hold the towel ...
Apply knee to chest stretch for posterior hip and leg muscles. Facing the table directly, place one ... Apply knee to chest stretch for posterior hip and leg muscles. Facing the table directly, place one ...
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library