« previous next »

Author Question: A firm sells an identical product to two groups of consumers, A and B. The firm has decided that ... (Read 105 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
A firm sells an identical product to two groups of consumers, A and B. The firm has decided that third-degree price discrimination is feasible and wishes to set prices that maximize profits.
 
  Which of the following best describes the price and output strategy that will maximize profits? A) PA = PB = MC.
  B) MRA = MRB.
  C) MRA = MRB = MC.
  D) (MRA - MRB) = (1 - MC).

Question 2

Refer to Figure 9.3. If the market is in equilibrium, total consumer and producer surplus is
 
  A) 0.
  B) 4.
  C) 5.
  D) 600.
  E) 800.


uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

stephzh

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jul 1, 2018
Thank you


uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Phylogenetic tree based on the distribution of 120 alleles in 42 populations from around the world, Phylogenetic tree based on the distribution of 120 alleles in 42 populations from around the world,
Chimpanzees live in complex kin groups in which lifelong bonds and individual personalities play key Chimpanzees live in complex kin groups in which lifelong bonds and individual personalities play key
In one-male group species, extra males typically reside in all-male “bachelor” groups. These are Han In one-male group species, extra males typically reside in all-male “bachelor” groups. These are Han
Symbolic language may have helped reinforce exclusive sexual relationships within social groups in l Symbolic language may have helped reinforce exclusive sexual relationships within social groups in l
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Vitamins Found Widely in the Food Groups Vitamins Found Widely in the Food Groups
Video: Neurosynapse Animation

For a complete list of videos, visit our video library