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 115 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?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

General structure of eukaryotic pre-rRNA transcription units General structure of eukaryotic pre-rRNA transcription units
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 ...
Buying A House: Institutional Discrimination and Predatory Lending Buying A House: Institutional Discrimination and Predatory Lending
Knead the calf muscles with both hands. Place the foot flat on the table, knee bent. Reach behind ... Knead the calf muscles with both hands. Place the foot flat on the table, knee bent. Reach behind ...
Rhythmic compression to shoulders. Stand at the head and place one hand on each shoulder. Gently ... Rhythmic compression to shoulders. Stand at the head and place one hand on each shoulder. Gently ...
Two tiny particles having charges of +7.00 μC and -9.00 μC are placed along the y-axis. The ... Two tiny particles having charges of +7.00 μC and -9.00 μC are placed along the y-axis. The ...
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library