This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is true about price discrimination? a. When there are a number of competing ... (Read 43 times)

jessicacav

  • Hero Member
  • *****
  • Posts: 558
Which of the following is true about price discrimination?
 a. When there are a number of competing firms, price discrimination is less likely because competitors tend to undercut the high prices charged those discriminated against.
  b. A profit-maximizing seller will charge a higher price for those with a greater willingness to pay, and a lower price for demanders with a lower willingness to pay.
  c. Price differentials between groups will erode if reselling is easy.
 d. All of the above are true of price discrimination.

Question 2

Suppose the price of an ounce of silver is 100 nuevos soles in Peru and 400 in the United States. This implies:
 a. the Peruvian nuevo sol is worth four times the value of a U.S. dollar.
  b. the Peruvian nuevo sol is worth one-fourth the value of a U.S. dollar.
  c. Peru's economy must be four times larger than the U.S. economy.
  d. the U.S. economy must be four times larger than that of Peru.
  e. the U.S. dollar is worth four times the value of a Peruvian nuevo sol.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Answer to Question 1

d

Answer to Question 2

a




jessicacav

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

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

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

For a complete list of videos, visit our video library