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Author Question: Under what circumstances are the marginal expenditure for an input and the average expenditure ... (Read 67 times)

kodithompson

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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.


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blakcmamba

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

A

Answer to Question 2

B


kodithompson

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Reply #2 on: Jul 1, 2018
Thank you :)


blakcmamba

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Reply #3 on: Jul 1, 2018
Happy to help you


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