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Author Question: If a market is controlled by one perfect price discriminator who is able to charge each consumer the ... (Read 65 times)

B

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on: Jul 1, 2018
If a market is controlled by one perfect price discriminator who is able to charge each consumer the highest price that consumer is willing to pay, the seller will produce output until the price paid by the last consumer is equal to the marginal cost of making the good. That is, the price of the last good equals the marginal cost of making the good. If welfare is measured as consumer surplus plus producer surplus, compare this market structure to a competitive market in terms of efficiency and equity.
 
  What will be an ideal response?

Question 2

Learning by doing is represented by
 
  A) a decrease in the average total cost curve.
  B) an increase in the average total cost curve.
  C) no change in the average total cost curve.
  D) an increase in the average total cost curve and a decrease in the marginal cost curve.
Microeconomics ¦ Perloff ¦ 8th Edition
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BUTTHOL369

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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B

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

blakcmamba

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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