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

Author Question: The outcome of first-degree price discrimination is: A) Pareto efficient with equity. B) Pareto ... (Read 189 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
The outcome of first-degree price discrimination is:
 
  A) Pareto efficient with equity.
  B) Pareto efficient with inequity.
  C) Pareto inefficient with inequity.
  D) Pareto inefficient but is equitable.

Question 2

An increase in the level of government price supports for wheat will not make wheat farming more profitable because
 
  A) by definition government actions cannot affect profits.
  B) it raises the cost of growing wheat as well as the revenue.
  C) profit is the consequence of certainty and government policies are inherently uncertain.
  D) the demand for wheat is inelastic.
  E) wheat farmers are price takers, not price searchers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


clippers!

  • Hero Member
  • *****
  • Posts: 828
Reply #2 on: Jun 29, 2018
Thank you


frre432

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Pacific Decadal Oscillation: Temperature in degree Celsius Pacific Decadal Oscillation: Temperature in degree Celsius
Two-point discrimination Two-point discrimination
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?
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
The outcome of crosses involving the three types of petite mutations The outcome of crosses involving the three types of petite mutations
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library