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

Author Question: Differentiate between a socially-optimal price and a fair-returns price. What will be an ideal ... (Read 50 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jun 29, 2018
Differentiate between a socially-optimal price and a fair-returns price.
 
  What will be an ideal response?

Question 2

A price searcher can move its marginal revenue curve closer to its demand curve if it can
 
  A) achieve significant economies of scale.
  B) charge different buyers different prices for the same good.
  C) price at the point of unit demand elasticity.
  D) produce at constant marginal cost.
  E) set marginal revenue equal to marginal cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

A price set at the marginal cost of production is referred to as a socially-optimal price. A price set at the average total cost of production is referred to as a fair-returns price.

Answer to Question 2

B


jace

  • Member
  • Posts: 541
Reply 2 on: Jun 29, 2018
Wow, this really help

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Optimal foraging behaviour in shore crabs. Optimal foraging behaviour in shore crabs.
What are examples of ideal forms? What are examples of ideal forms?
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Dendrite Animation

For a complete list of videos, visit our video library