« previous next »

Author Question: A firm's objective behind charging different prices to different consumers for the same good is to: ... (Read 99 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
A firm's objective behind charging different prices to different consumers for the same good is to:
 
  A) enhance goodwill.
  B) enhance its profits.
  C) enhance social surplus.
  D) enhance its market power.

Question 2

Jean can either type her term paper or create Web pages during the limited time she has available. The table above shows her PPF.
 
  a) Can Jean type 90 pages and create 2 Web pages? b) Use the above numbers to calculate the opportunity cost of a typed page as she increases her time typing and decreases time creating a Web page.


frre432

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

B

Answer to Question 2

a) Jean cannot type 90 pages and create 2 Web pages because, as row D shows, that combination is beyond her PPF.

Movement from Increase in typed pages Decrease in Web pages Opportunity cost
A to B 40 1 1/40
B to C 30 1 1/30
C to D 20 1 1/20
D to E 10 1 1/10

b) The opportunity cost is the ratio of the decrease in the number of Web pages divided by the increase in the number of typed pages. The table above gives the opportunity cost for typed pages.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« 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?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

onions taste good onions taste good
good to eat good to eat
Voltmeter hookup to test the voltage drop of the charging circuit. Voltmeter hookup to test the voltage drop of the charging circuit.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Central Nervous System Animation

For a complete list of videos, visit our video library