Author Question: Refer to the scenario above. If Mary prefers more money to less, ________. A) she will not accept ... (Read 78 times)

savannahhooper · **on:** Jun 29, 2018

Refer to the scenario above. If Mary prefers more money to less, ________.

A) she will not accept any offer that Beth makes
B) she will accept any offer that Beth makes
C) she will accept the offer only if Beth offers her 2,500
D) she will accept the offer only if Beth offers her 5,000

Question 2

Marginal revenue is less than price for price searchers

A) because they are monopolists.
B) because they necessarily have some costs.
C) if they enjoy grants of legal privilege.
D) when they cannot charge all customers the maximum they are willing to pay for each unit purchased.
E) when they have the ability to practice price discrimination.