Suppose a firm is charging $8 for the first six-pack of cola and $4 for the second six-pack of cola. This firm is using   Multiple Choice   third-degree price discrimination.   first-degree price discrimination.   second-degree price discrimination.   first-, second- and third-degree price discrimination.

Q: In markets characterized as oligopoly,    Question 20 options:   a)  the oligopolists earn the…

A: Oligopoly is a market structure with few firms competiting with each other in the market with…

Q: You have the following supply and demand curves for an industry:             QSX = -100 + 3 * PX…

A: Provided information: It is given in the question that- Equation of the supply curve- QSX = -100 + 3…

Q: Demand: P-10-Q Marginal Revenue: MR = 10-20 Total Cost: TC = 3+Q+0.5Q² Marginal Cost: MC = 1 + Q The…

A: In monopoly ,  Monopolist will produce where MR = MC  MR is the marginal revenue MC is the marginal…

Q: Mean variance utility defines risk using certainty equivalent wealth. The lower the certainty…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In the quaint village of Chromaville, all of the residents (including their mayor) are colorblind.…

A: Consumer Equilibrium in economics is a state of maximum satisfaction/utility achieved.  It is a…

Q: The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted…

A: The labour force participation rates is calculated as the labour force divided by the total…

Q: QUESTION 15 Based upon the graph below as LASO moves to LAS 1 Price level (GDP deflator, 2012 - 100)…

A: The different price at which producer supply goods in an economy is represented by AS(aggregate…

Q: When there is imperfect competition, the resources are not optimally allocated because although

A: Imperfect competition refers to the markets where firms are facing relatively less competition than…

Q: Which of the FF. will produce the optimal welfare for the society? A. Marginal private gain +…

A: A consumer's utmost willingness to pay for an additional commodity or service is known as the…

Q: Refer to Figure 14.5. Assume the interest rate equals 8% and the money supply decreases from  to .…

A: Equilibrium in money market is when the money demand curve intersects the money supply curve.  The…

Q: The following graph gives the demand (D) curve for satellite TV services in the fictional town of…

A: A monopoly firm produces at the intersection of the MR and MC curves.  A monopoly becomes a natural…

Q: It has been argued by some that immigration reduces job opportunities for native-born workers. Based…

A: In the labor market, the equilibrium wage rate is determined by the forces of demand and supply.…

Q: 2. Furiosa has a utility function of u(C, F) = 3C0.3 F where the price of C is $5, the price of F is…

A: Utility is the satisfaction derived from the consumption of good.  Marginal utility is the utility…

Q: 5 An economy experiences a decade in which the quarterly unemployment rate fluctuates between 2.5%…

A: Market equilibrium alludes to a circumstance where quantity demanded and quality supplied of a good…

Q: True or False. Nations with persistent trade deficits often experience slower economic growth.

A: International trade refers to the setting up of an exchange system between multiple nations. The…

Q: The present sum needed to provide for an annual withdrawal of $5,000 for 15 years beginning 5 years…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Compare and contrast the difference between dynamic (intertemporal) efficiency and static efficiency…

A: Since you have asked a question with multiple sub-parts we will solve the first 3 sub-parts. To get…

Q: Suppose firms in a monopolistically competitive market are experiencing positive economic profits,…

A: In a market system known as monopolistic competition, there are numerous powerful sellers, each of…

Q: 9. Which statement is incorrect? I. An increase in the general price index means that the purchasing…

A: (9). Increase in general price index means increase in the price of goods and services. Both…

Q: Determine the capitalized cost of a permanent roadside historical marker that has a first cost of…

A: A capitalized cost is an expense added to the cost basis of a fixed asset on a company's balance…

Q: In Macroland potential GDP equals $20 billion and real GDP equals $19.2 billion. Macroland has a(n)…

A: A recessionary gap is a macroeconomic term utilized when a nation's real GDP is lower than its Gross…

Q: QUESTION 2 If the quantity of money demanded exceeds the quantity of money supplied, then O the…

A: Money supply incorporates stores produced in the financial framework coming about because of a…

Q: A debt of $10,000 with interest at 8% compounded quarterly is to be repaid by equal payments at the…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: If an economic shock decreases labor demand, equilibrium employment If wages are flexible, the…

A: The potential GDP refers to the maximum GDP that can get generated while fully employing the…

Q: n 2007, France's government had revenue of $1.287 trillion while expenditures totaled $1.356…

A: An Government budget is a monetary report that shows the public authority's arranged pay and…

Q: In most developing countries, an effective fiscal policy is: easier to conduct than in developed…

A: Economics: Economics is a scientific branch of study concentrated on analyzing how economies make…

Q: Which of the FF. statements is correct about the diminishing returns to labor? A. The diminishing…

A: When labor is employed in the production process, it gives returns in terms of production of output…

Q: What do we mean by an exit price? What is the exit price if r = $100 and w= $2000? Explain. Now…

A: Perfect substitutions are goods or commodities which are indistinguishable from each other. If two…

Q: Suppose that the market demand is Q=80−Pand the marginal cost is $20. Suppose two identical firms…

A: When the players/firms collide, the act as a monopolist and maximises profit by jointly producing at…

Q: A firm manufactures outputs y₁ and y using two inputs ₁ and 72. The production function is (y₁, y2)…

A: The firm maximizes its profit function and chooses the quantity of input to be used at given prices…

Q: Why do you believe Adam Smith missed the fact that, as Marx saw it, poverty, inequality, and labor…

A: The economist Karl Marx believes that the real income of people can increase with self-interest and…

Q: 1. Discuss how COVID-19 has impacted on poverty and inequality. Using references & > 350 Words.

A: The COVID-19 pandemic has had a significant impact on poverty and inequality around the world. The…

Q: The annual fixed costs for a plant are P 117447 and the variable cost per unit is P20 . The selling…

A: Given information: Fixed cost = 117447 Variable cost per unit = 20 Price per unit = 44.06…

Q: The diagram below shows one of Popeye's indifference curves (relating bottles of pure olive oil to…

A: Utility is the satisfaction derived from the consumption of goods.  Marginal utility is the utility…

Q: Each firm in the following table operates in a market of perfect competition and wants to maximize…

A: Total cost is the product of average total cost and quantity.  The firm should produce when it is…

Q: Which of these explains why businesses seek more government regulation of market activity?…

A: A broad definition of regulation is the governmental imposition of guidelines backed by the use of…

Q: Consider the solution to the problem: maximise 24-z-2-(z-y)² subject to the constraint z+y≤ 3. a) Is…

A: In the theory of optimization, constrained optimization is the method of optimizing the objective…

Q: (a) explain the term explicit and implicit costs.give examples. (b) what is economic profit as…

A: Explicit Cost: Explicit costs are out-of-pocket costs for a firm—for example, payments to labour,…

Q: Economic behavior is more complex than assumed by conventional economic theory. Political economy…

A: The term "microeconomic frontiers" refers to the factors that help economists understand human…

Q: A deposit of $37551 now at compounded interest rate of 10.4% per year will accumulate in 10 years to…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Which of the following is NOT a barrier to entry for a monopoly firm?   Question 8 options:   a)…

A: Monopoly market structure is characterized with only a single seller facing no competition in the…

Q: Which of the following statements is true about a firm in a perfectly competitive market: Question…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain how financial globalisation can lead to income inequality in a country

A: Globalization is a significant driver of pay disparity inside nations, yet generally through…

Q: Import substitution industrialization (ISI) in Latin America

A: The imports were taxed more than the exports so that the imports fall and dependence on foreign…

Q: Which of the following statements is not true? Externalities are those costs arising from production…

A: "Since multiple questions have been asked by you , we will solve first question .Please specify the…

Q: All else constant, if the GDP in an economy decreases then: demand for money increases.…

A: The gross domestic product (GDP) refers to the total monetary value of all completed goods and…

Q: In class we discussed ways for firms to break the Bertrand Paradox result. Which of the following…

A: Firms is experiencing EOS( economies of scale ) when the average cost(AC) falls with the rise in the…

Q: In 2021 ABC government has a nominal budget deficit of $1000 billions with inflation rate 3%, and…

A: Nominal value includes the effect of inflation.  Real value doesn't include the effect of inflation.…

Q: Which of the following is not an advantage of corrective taxes? Ca. They subsidize the production of…

A: Introduction  A corrective tax is a policy option that governments can use to improve a market…

Q: The two main types of inflation are demand-pull and labor slide. True or false?

A: Inflation is described as an increment in the general price level. In other words, prices of many…