Homework Answers
8. A is the correct option.
Because it comes under first degree price discrimination in which a firm can charge each customer segment a different price. This leads to zero consumer surplus and the firm will capture the entire market. But under a single price monopoly production is less than that of a perfectly competitive market and the prices above marginal cost leads to a dead weight loss.
9. C is the correct option.
Because in a perfect discriminating monopoly a producer follows P = MC. Given MC=$6.
So, at P = MC = 6 the output is 4 units.
Add Answer to:
ULU ILLUMId=21 QUESTION 8 When perfect price discrimination occurs, which one of the following statements is...
QUESTION 1 Refer to the figure below. Assume this firm is a single-price monopoly. How many...
QUESTION 1 Refer to the figure below. Assume this firm is a single-price monopoly. How many units of output does this monopolist sell to maximize economic profit? Price 8.00 5.00 МC 3.00 D 0 300 450 600 1100 Quantity MR a. 100 units. b. 300 units. C. 450 units. d. 600 units. QUESTION 2 A single-price monopolist's demand curve a. shows that demand for the good is inelastic. Click Save and Submit to save and submit. Click Save All Answers...
If a monopolist practices perfect price discrimination, then it will have a. a greater total revenue...
If a monopolist practices perfect price discrimination, then it will have a. a greater total revenue and sell a greater output than if it were not practicing price discrimination. b. a smaller total revenue and sell a smaller output than if it were not practicing price discrimination. c. the same total revenue but sell a larger output than if it were not practicing price discrimination. d. the same total revenue but sell a smaller output than if it were not...
Price Discriminating Monopolist vs. Single Price Monopolist I have 4/5 answers to the question correct, but I do not kno...
Price Discriminating Monopolist vs. Single Price Monopolist
I have 4/5 answers to the question correct, but I do not know
which ones, and I cannot seem to figure out which one I have
incorrect. My answers are:
8
4
8
increases
Less Than
3. (Figure: Price-Discriminating Monopolist 2) The perfectly price-discriminating monopolist in this diagram will produce units of output, and a single-price monopolist would produce units of output. Consumer surplus under a perfectly price discriminating monopolist is_ dollars less...
QUESTION 1 Which of the following conditions is NOT required for successful direct price discrimination? A....
QUESTION 1 Which of the following conditions is NOT required for successful direct price discrimination? A. The seller must be able to prevent arbitrage between low-value and high-value buyers B. The seller should charge higher prices to high-value buyers C. The seller must offer different products for high-value and low-value groups of consumers D. The seller must be able to identify customers as high-value or low-value buyers QUESTION 2 Under a version of direct price discrimination, the seller is able...
Price Discrimination and Hurdles 3 3 unread replies. 3 3 replies. Negative connotations are likely when...
Price Discrimination and Hurdles 3 3 unread replies. 3 3 replies. Negative connotations are likely when you combine “discrimination” with most words (e.g., “racial discrimination”). But, is price discrimination bad? The hurdle method of price discrimination is one method price-discriminating firms use to separate those who are willing to pay a high price from those who are more price conscious. The hurdle method is the practice by which a seller offers a discount to all buyers who overcome some obstacle....
QUESTION 3 MC ATC Price (per unit) в с Market Price PEMR Quantity (units per week)...
QUESTION 3 MC ATC Price (per unit) в с Market Price PEMR Quantity (units per week) Figure 23.6 Given the current market price, we expect to see Firms exit from the industry, driving up the market price. Firms exit from the industry, driving down the market price. No change in the number of firms in the industry and no change in the market price. Firms enter the industry, driving down the market price. Click Save and submit to save and...
History Bookmarks Tools Window Help a-x VG . A negative cross price elas.. x | Gi...
History Bookmarks Tools Window Help a-x VG . A negative cross price elas.. x | Gi consumer surplus may dec-x : + edu/webapps/assessment/take/launch.jsp?course assessment id--1239102 1&course ids 1654202 1&C s Remaining Time: 41 minutes, 34 seconds. Question Completion Status: Price 20 Mis Kay 18 Phal 16 16 12 10 10 D2 Di 26012 6 aam 2468 10 12 1 16 Dnty Refer to Figure. The pemand curve for the two buyers are give above. At the price of $6, the...
QUESTION 21 If a monopoly situation arises from a perfectly competitive market, the portion of producer...
QUESTION 21 If a monopoly situation arises from a perfectly competitive market, the portion of producer surplus that increases in a monopoly is transferred from the perfectly competitive market's deadweight loss o fixed cost. consumer surplus. long-run positive economic profit. QUESTION 22 If a monopolist lowers its price • the quantity demanded remains the same. the quantity demanded decreases the quantity demanded becomes zero. the quantity demanded increases. QUESTION 23 I a monopolist produces to a point at which marginal...
Pum a Am Om Diese Question Completion Status: QUESTION 14 Which of the following statements is...
Pum a Am Om Diese Question Completion Status: QUESTION 14 Which of the following statements is TRUE? 1. The EPA's tradable allowances program for sulfur dioxide establishes property rights to pollute and helps reduce transaction costs by distributing allowances, maintaining databases, and monitoring emissions. II. One criticism of tradable allowances is that they prohibit nonbusinesses and environmental groups from purchasing the allowances. III. The tradable allowances for sulfur dioxide have performed poorly because electricity output has increased, causing a rise...
question 7: question 14: BTake Test Untitled doci eSchool S0 (14) 528HZ 2Black Womer C Search...
question 7:
question 14:
BTake Test Untitled doci eSchool S0 (14) 528HZ 2Black Womer C Search Text Teespring La X G As long as EAssignments X X X X https://bbhosted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment-id-_1273043 1&course_id=_1726735_1&content_id=_40866091 1&step-null Question Completion Status the revenue gained by producing one more unit of output is less than the cost incurred by doing so. The firm is already maximizing profits because revenue is being increased by more than costs. QUESTION 7 1 points Save Answor As long as price Is...
QUESTION 1 Refer to the figure below. Assume this firm is a single-price monopoly. How many units of output does this monopolist sell to maximize economic profit? Price 8.00 5.00 МC 3.00 D 0 300 450 600 1100 Quantity MR a. 100 units. b. 300 units. C. 450 units. d. 600 units. QUESTION 2 A single-price monopolist's demand curve a. shows that demand for the good is inelastic. Click Save and Submit to save and submit. Click Save All Answers...
If a monopolist practices perfect price discrimination, then it will have a. a greater total revenue and sell a greater output than if it were not practicing price discrimination. b. a smaller total revenue and sell a smaller output than if it were not practicing price discrimination. c. the same total revenue but sell a larger output than if it were not practicing price discrimination. d. the same total revenue but sell a smaller output than if it were not...
Price Discriminating Monopolist vs. Single Price Monopolist
I have 4/5 answers to the question correct, but I do not know
which ones, and I cannot seem to figure out which one I have
incorrect. My answers are:
8
4
8
increases
Less Than
3. (Figure: Price-Discriminating Monopolist 2) The perfectly price-discriminating monopolist in this diagram will produce units of output, and a single-price monopolist would produce units of output. Consumer surplus under a perfectly price discriminating monopolist is_ dollars less...
QUESTION 3 MC ATC Price (per unit) в с Market Price PEMR Quantity (units per week) Figure 23.6 Given the current market price, we expect to see Firms exit from the industry, driving up the market price. Firms exit from the industry, driving down the market price. No change in the number of firms in the industry and no change in the market price. Firms enter the industry, driving down the market price. Click Save and submit to save and...
History Bookmarks Tools Window Help a-x VG . A negative cross price elas.. x | Gi consumer surplus may dec-x : + edu/webapps/assessment/take/launch.jsp?course assessment id--1239102 1&course ids 1654202 1&C s Remaining Time: 41 minutes, 34 seconds. Question Completion Status: Price 20 Mis Kay 18 Phal 16 16 12 10 10 D2 Di 26012 6 aam 2468 10 12 1 16 Dnty Refer to Figure. The pemand curve for the two buyers are give above. At the price of $6, the...
QUESTION 21 If a monopoly situation arises from a perfectly competitive market, the portion of producer surplus that increases in a monopoly is transferred from the perfectly competitive market's deadweight loss o fixed cost. consumer surplus. long-run positive economic profit. QUESTION 22 If a monopolist lowers its price • the quantity demanded remains the same. the quantity demanded decreases the quantity demanded becomes zero. the quantity demanded increases. QUESTION 23 I a monopolist produces to a point at which marginal...
Pum a Am Om Diese Question Completion Status: QUESTION 14 Which of the following statements is TRUE? 1. The EPA's tradable allowances program for sulfur dioxide establishes property rights to pollute and helps reduce transaction costs by distributing allowances, maintaining databases, and monitoring emissions. II. One criticism of tradable allowances is that they prohibit nonbusinesses and environmental groups from purchasing the allowances. III. The tradable allowances for sulfur dioxide have performed poorly because electricity output has increased, causing a rise...
question 7:
question 14:
BTake Test Untitled doci eSchool S0 (14) 528HZ 2Black Womer C Search Text Teespring La X G As long as EAssignments X X X X https://bbhosted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment-id-_1273043 1&course_id=_1726735_1&content_id=_40866091 1&step-null Question Completion Status the revenue gained by producing one more unit of output is less than the cost incurred by doing so. The firm is already maximizing profits because revenue is being increased by more than costs. QUESTION 7 1 points Save Answor As long as price Is...
Most questions answered within 3 hours.
-
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 34 minutes ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 1 hour ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 1 hour ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 2 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 2 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 2 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 3 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 3 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 3 hours ago -
Consider a 1.0 L buffer containing 0.092 mol L-1 HCOOH and 0.100
mol L-1 HCOO-. What...
asked 3 hours ago -
Koch Realty has owned a vacant land with a FMV of
$775,000 and an adjusted basis...
asked 3 hours ago -
It is estimated 29% of all adults in United States invest in
stocks and that 85%...
asked 3 hours ago