If a firm could perfectly price discriminate A. There would be no marginal revenue function B....
If a firm could perfectly price discriminate
A. There would be no marginal revenue function
B. The marginal revenue curve would lie below the demand curve
C. The marginal revenue curve would lie above the demand curve
D. The marginal revenue curve would be the same as the demand curve
Homework Answers
Answer
D. The marginal revenue curve would be the same as the demand curve
The marginal revenue curve is same as demand curve because the firm is price discriminating means charging the price equal to the willingness to pay of the consumers and the willingness to pay is the demand curve.
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If a firm could perfectly price discriminate
A. There would be no marginal revenue function
B....
A monopoly will not be able to perfectly price discriminate if A each consumer does not...
A monopoly will not be able to perfectly price discriminate if A each consumer does not reveal her reservation price B demand is very elastic C the firm's marginal cost curve is upward sloping D All of the above
17. In order to price discriminate, a monopoly firm must be able to: a separate customers...
17. In order to price discriminate, a monopoly firm must be able to: a separate customers based on different elasticities of demand b. charge each customer the same price. c. incur a different cost for producing each unit of output. d. all of the above. 18. If DeBeers has a monopoly in the diamond market, then: a. DeBeers must be engaging in perfect price discrimination if it is charging every customer the same price for a diamond. b. the marginal...
1. A firm faces a downward-sloping linear demand (a) What is the firm's marginal revenue if...
1. A firm faces a downward-sloping linear demand (a) What is the firm's marginal revenue if the firm is i. a perfectly competitive firm? ii. a monopolist that can set a uniform price? ii. a monopolist that can perfectly price discriminate? (b) For each of the above cases, state whether the marginal revenue increases, decreases, or is constant in the quantity that the firm produces
estion 9 yet wered its out of For the perfectly competitive firm,price MR; for the monopolistprice re _its marginal...
estion 9 yet wered its out of For the perfectly competitive firm,price MR; for the monopolistprice re _its marginal revenue curve, the monopolist's demand curve_ MR. The perfectly competitive firm's demand its marginal revenue curve. - Flag Select one: O a. less than greater than, lies below, lies above b. cquals; is greater than; is; lies above O c.equals, is less than is; lies below o d greater than, equals; lies above is Previous page Next page MacBook Air o...
The marginal revenue curve for a perfectly competitive firm is O A. vertical O B. a...
The marginal revenue curve for a perfectly competitive firm is O A. vertical O B. a straight line coming out of the origin with a 45 degree slope. O C. downward sloping. O D. upward aloping CE horizontal A cartel is a group of firms acting together to output, price, and increase O A. increase; raise; marginal revenue O B. limit; lower; total revenue O c. limit: raise; economic profit O D. increase; raise; economic profit
TU) UdlIT IS. In a perfectly competitive market: each firm produces a unique product and chooses a price that maximize...
TU) UdlIT IS. In a perfectly competitive market: each firm produces a unique product and chooses a price that maximize there are very few firms, and each controls a large segment of the market. entry into the industry is restricted in the long run. there are many relatively small firms, and each firm is a price-taker. c. t If a firm is a price-taker, it: sells its product at the price determined by the market. sells its product at the...
30. The change in total revenue that results fr A. Marginal cost. B, Marginal revenue C....
30. The change in total revenue that results fr A. Marginal cost. B, Marginal revenue C. Marginal profit. D. Total revenue erease in qipntity sold is: 31. For a monopolist, marginal revenue is A. Equal to price, just as it is for a perfectly competitiy B. Constant up to the rate of output that maximizes tot i C. Always less than price, after the first unit. D. The same as the demand curve. loral 32. For a monopolist, after the...
Table 2 Shows Media Cable’s demand table, total revenue, and marginal revenue at each price. Why,...
Table 2 Shows Media Cable’s demand table, total revenue, and marginal revenue at each price. Why, at any price lower than $130, is the marginal revenue from an additional sale less than the price? Table 2 Price Amount Demanded Total Revenue Marginal Revenue $160 0 $0 n/a $130 90 $11,700 $130.00 $100 200 $20,000 $75.45 $80 350 $28,000 $53.33 $40 600 $24,000 -$16.00 $0 850 $0 -$96 .00 Question 5 options: a) Lowering the price means that Media Cable lowers...
For a perfectly competitive firm, marginal revenue equals marginal cost at 250 units of output. At...
For a perfectly competitive firm, marginal revenue equals marginal cost at 250 units of output. At 250 units, price is greater than average variable cost. It necessarily follows that the Select one: a. marginal cost curve must have an upward-sloping portion and a downward-sloping portion. b. firm must be earning a profit. c. firm should continue to produce in the short run. d. firm should shut down its operation in the short run Next page Seo w
The firm holds a patent and is technologically progressive A. Marginal revenue decreases as average revenue...
The firm holds a patent and is technologically progressive A. Marginal revenue decreases as average revenue decreases B. Marginal revenue is greater than average revenue c. Demand is perfectly price elastic D. Average revenue (or as the output of price) increases the firm increases
17. In order to price discriminate, a monopoly firm must be able to: a separate customers based on different elasticities of demand b. charge each customer the same price. c. incur a different cost for producing each unit of output. d. all of the above. 18. If DeBeers has a monopoly in the diamond market, then: a. DeBeers must be engaging in perfect price discrimination if it is charging every customer the same price for a diamond. b. the marginal...
1. A firm faces a downward-sloping linear demand (a) What is the firm's marginal revenue if the firm is i. a perfectly competitive firm? ii. a monopolist that can set a uniform price? ii. a monopolist that can perfectly price discriminate? (b) For each of the above cases, state whether the marginal revenue increases, decreases, or is constant in the quantity that the firm produces
estion 9 yet wered its out of For the perfectly competitive firm,price MR; for the monopolistprice re _its marginal revenue curve, the monopolist's demand curve_ MR. The perfectly competitive firm's demand its marginal revenue curve. - Flag Select one: O a. less than greater than, lies below, lies above b. cquals; is greater than; is; lies above O c.equals, is less than is; lies below o d greater than, equals; lies above is Previous page Next page MacBook Air o...
The marginal revenue curve for a perfectly competitive firm is O A. vertical O B. a straight line coming out of the origin with a 45 degree slope. O C. downward sloping. O D. upward aloping CE horizontal A cartel is a group of firms acting together to output, price, and increase O A. increase; raise; marginal revenue O B. limit; lower; total revenue O c. limit: raise; economic profit O D. increase; raise; economic profit
TU) UdlIT IS. In a perfectly competitive market: each firm produces a unique product and chooses a price that maximize there are very few firms, and each controls a large segment of the market. entry into the industry is restricted in the long run. there are many relatively small firms, and each firm is a price-taker. c. t If a firm is a price-taker, it: sells its product at the price determined by the market. sells its product at the...
30. The change in total revenue that results fr A. Marginal cost. B, Marginal revenue C. Marginal profit. D. Total revenue erease in qipntity sold is: 31. For a monopolist, marginal revenue is A. Equal to price, just as it is for a perfectly competitiy B. Constant up to the rate of output that maximizes tot i C. Always less than price, after the first unit. D. The same as the demand curve. loral 32. For a monopolist, after the...
For a perfectly competitive firm, marginal revenue equals marginal cost at 250 units of output. At 250 units, price is greater than average variable cost. It necessarily follows that the Select one: a. marginal cost curve must have an upward-sloping portion and a downward-sloping portion. b. firm must be earning a profit. c. firm should continue to produce in the short run. d. firm should shut down its operation in the short run Next page Seo w
The firm holds a patent and is technologically progressive A. Marginal revenue decreases as average revenue decreases B. Marginal revenue is greater than average revenue c. Demand is perfectly price elastic D. Average revenue (or as the output of price) increases the firm increases
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