Author Question: The input demand functions that can be derived from cost functions are referred to as contingent ... (Read 286 times)

anjilletteb · **on:** Jul 1, 2018

The input demand functions that can be derived from cost functions are referred to as contingent demand functions because the functions:
a. assume input costs are constant.
b. express input demand as a function of output.
c. depend on the assumption of profit maximization.
d. assume constant returns to scale in production.

Question 2

The segmenting of customers into several small groups such as household, institutional, commercial, and industrial users, and establishing a different rate schedule for each group is known as:
a. first-degree price discrimination
b. market penetration
c. third-degree price discrimination
d. second-degree price discrimination
e. none of the above