This topic contains a solution. Click here to go to the answer

Author Question: When a firm charges each customer the maximum price that the customer is willing to pay, the firm ... (Read 126 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
When a firm charges each customer the maximum price that the customer is willing to pay, the firm
 
  A) engages in a discrete pricing strategy.
  B) charges the average reservation price.
  C) engages in second-degree price discrimination.
  D) engages in first-degree price discrimination.

Question 2

An individual consumes only two goods, X and Y. Which of the following expressions represents the utility maximizing market basket?
 
  A) MRSxy is at a maximum.
  B) Px/Py = money income.
  C) MRSxy = money income.
  D) MRSxy = Px/Py.
  E) all of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

D

Answer to Question 2

D




Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jul 1, 2018
:D TYSM


kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

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.

For a complete list of videos, visit our video library