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Author Question: All firms can increase profits using price discrimination. A) True, because market demand curves ... (Read 72 times)

fox

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on: Jul 1, 2018
All firms can increase profits using price discrimination.
 
  A) True, because market demand curves are downward sloping
  B) True, because firms can sell different versions of a product that is just right for an individual consumer
  C) False, because consumers aren't forced to buy a firm's products
  D) False, because some firms are in competitive markets

Question 2

Suppose the short-run production function is q = L0.5. If the marginal cost of producing the tenth unit is 5, what is the wage per unit of labor?
 
  A) 1
  B) 0.5
  C) 0.25
  D) It cannot be determined without more information.


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Kjones0604

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

D

Answer to Question 2

C


fox

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

tandmlomax84

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

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