« previous next »

Author Question: A price-discriminating monopoly charges the lowest price to the group that: a. has the most elastic ... (Read 18 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
A price-discriminating monopoly charges the lowest price to the group that:
 a. has the most elastic demand.
  b. purchases the largest quantity.
  c. engages in the most arbitrage.
  d. is least responsive to price changes.

Question 2

Which of the following would cause a consumer to purchase less of a good when the price of the good rises?
 a. The income effect
  b. The substitution effect
  c. Both a and b
  d. Neither a nor b


soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Breakdown of pyruvate and the attachment of an acetyl group to CoA Breakdown of pyruvate and the attachment of an acetyl group to CoA
Elk pellet group Elk pellet group
reactions of an ester with a carboxylate group to form an anhydride. The R group is the same in each reactions of an ester with a carboxylate group to form an anhydride. The R group is the same in each
Mix Up Your Choices within Each Food Group Mix Up Your Choices within Each Food Group
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library