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Author Question: Price discrimination takes place when a firm A) charges the same price for all the units of its ... (Read 151 times)

DelorasTo

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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?


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bubulittle310@msn.cn

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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

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Reply #2 on: Jun 29, 2018
Thank you


bubulittle310@msn.cn

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Reply #3 on: Jun 29, 2018
No problemo


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