Given demand, the price is found where A) consumer surplus is ...

[s.tung]

Given demand, the price is found where
 A) consumer surplus is maximized.
  B) average costs equal price.
  C) price equals marginal revenue.
  D) marginal revenue equals marginal cost.

Question 2

If a firm can charge different prices for each consumer it can practice
 A) second degree price discrimination.
  B) perfect price discrimination.
  C) third degree price discrimination.
  D) consumer surplus reversal

[meryzewe]

Answer to Question 1

D

Answer to Question 2

B