This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under what circumstances are the marginal expenditure for an input and the average expenditure ... (Read 68 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
Under what circumstances are the marginal expenditure for an input and the average expenditure always equal? Where there is a
 
  A) competitive buyer.
  B) competitive seller.
  C) monopoly buyer.
  D) monopoly seller.

Question 2

An amusement park charges an entrance fee of 75 per person plus 2.50 per ride. This is an example of
 
  A) first-degree price discrimination.
  B) a two-part tariff.
  C) second-degree price discrimination.
  D) bundling.
  E) tying.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


kodithompson

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jul 1, 2018
Thank you :)


blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Average optimal blood pressure for age Average optimal blood pressure for age
Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Average Global Temperatures Average Global Temperatures
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library