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 39 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?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Foley catheter: The inflated balloon at the tip of the catheter holds the Foley catheter in place in ... Foley catheter: The inflated balloon at the tip of the catheter holds the Foley catheter in place in ...
Adjusting a valve takes both hands—one to hold the wrench to loosen and tighten the lock nut and ... Adjusting a valve takes both hands—one to hold the wrench to loosen and tighten the lock nut and ...
Effleurage clockwise to abdomen. Place palm over palm, and apply effleurage in a circle around the ... Effleurage clockwise to abdomen. Place palm over palm, and apply effleurage in a circle around the ...
Brushing off to finish-front. Move to the front and place the person’s hands on his or her knees. ... Brushing off to finish-front. Move to the front and place the person’s hands on his or her knees. ...
Transport of acetyl units and reducing equivalents used in fatty acid synthesis Transport of acetyl units and reducing equivalents used in fatty acid synthesis
An electrician charges a flat fee of $90 for a home service call. In addition he charges $25 ... An electrician charges a flat fee of $90 for a home service call. In addition he charges $25 ...
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library