« previous next »

Author Question: Given demand, the price is found where A) consumer surplus is maximized. B) average costs equal ... (Read 57 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
on: Jun 30, 2018
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

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

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?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Examples of deep-sea corals found in the Sable Gully, 200 km off the coast of Nova Scotia. Examples of deep-sea corals found in the Sable Gully, 200 km off the coast of Nova Scotia.
Average Chemical Composition of the Geosphere Crust Average Chemical Composition of the Geosphere Crust
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ... The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Ignition timing marks are found on the harmonic balancers that are equipped with distributor ... Ignition timing marks are found on the harmonic balancers that are equipped with distributor ...
Probiotics are live microorganisms, usually bacteria, mainly found in cultured dairy foods Probiotics are live microorganisms, usually bacteria, mainly found in cultured dairy foods
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Cardiac conductile cells

For a complete list of videos, visit our video library