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Author Question: Given demand, the price is found where A) consumer surplus is maximized. B) average costs equal ... (Read 84 times)

s.tung

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


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