This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The practice of charging different prices on the basis of varying customer preferences is known as: ... (Read 83 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
The practice of charging different prices on the basis of varying customer preferences is known as:
 a. arbitrage.
  b. discounting.
  c. price discrimination.
  d. rationing.

Question 2

If a monopolist is producing at a point at which marginal revenue is greater than marginal cost, then it should:
 a. continue producing at the current level.
  b. raise its prices.
  c. lower its prices.
  d. increase the level of production.
  e. decrease the level of production.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

d


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

DNA replication is the basis for the perpetuation of life through time DNA replication is the basis for the perpetuation of life through time
The varying voltage signal from the pickup coil triggers the ignition module. The ignition module ... The varying voltage signal from the pickup coil triggers the ignition module. The ignition module ...
How to calculate monthly mortgage payments at varying amortization periods (Question 1) How to calculate monthly mortgage payments at varying amortization periods (Question 1)
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
The basis of modified dihybrid F2 phenotypic ratios The basis of modified dihybrid F2 phenotypic ratios
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library