The input demand functions that can be derived from cost ...

[anjilletteb]

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

[jazzlynnnnn]

Answer to Question 1

b

Answer to Question 2

c

[anjilletteb]

Thanks for the timely response, appreciate it

[amcvicar]

Gracias!