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Author Question: When a firm charges each customer the maximum price that the customer is willing to pay, the firm ... (Read 84 times)

Ebrown

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on: Jul 1, 2018
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


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Alyson.hiatt@yahoo.com

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

D

Answer to Question 2

D


Ebrown

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Reply 2 on: Jul 1, 2018
Excellent

ktidd

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

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