This topic contains a solution. Click here to go to the answer

Author Question: Perfect price discrimination occurs when: A) a firm charges wealthier buyers a lower price. B) ... (Read 54 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
Perfect price discrimination occurs when:
 
  A) a firm charges wealthier buyers a lower price.
  B) a firm charges each buyer exactly their willingness to pay.
  C) a firm charges the same buyer different prices at different points of time.
  D) a firm charges different buyers according to the characteristic of their purchase.

Question 2

The table above gives the production possibilities frontier for a nation that produces wheat and soybeans.
 
  Use the information in that table to complete the table below, which has in it the opportunity costs of moving from one production point to another. Do not forget to note the units of the opportunity costs. Movement from Opportunity cost Movement from Opportunity cost A to B D to C B to C C to B C to D B to A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Christopher

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

B

Answer to Question 2

Movement from Opportunity cost
(bushels of soybeans per bushels of wheat) Movement from Opportunity cost
(bushels of wheat per bushels of soybeans)
A to B 0.22 D to C 1.00
B to C 0.40 C to B 2.50

The table above gives the opportunity costs. The units of the opportunity costs are in the column headings.




asmith134

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
:D TYSM


mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

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?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library