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Author Question: The input demand functions that can be derived from cost functions are referred to as contingent ... (Read 271 times)

anjilletteb

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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


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jazzlynnnnn

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


anjilletteb

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

ryansturges

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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