If the price elasticity of demand for U.S. automobiles is higher in Mexico than it is in China, and transport costs are zero, a price-discriminating monopolist would charge
A. the same price for autos in China as in Mexico.
B. a lower price for autos in China than in Mexico.
C. a less profitable price for autos in China than in Mexico.
D. a higher price for autos in China than in Mexico.
Answer: D
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The table above shows techniques that can be used to produce 100 shirts. If the price of an hour of labor is $10 and the price of a unit of capital is $12, then the economically efficient technique is
A) W. B) X. C) Y. D) Z.
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6
Bill could increase his utility by: A) increasing Pepsi consumption and reducing hamburger consumption. B) increasing hamburger consumption and reducing Pepsi consumption. C) maintaining his current consumption choices. D) We do not have enough information to answer this question.
Large family size by itself creates very little new poverty
Indicate whether the statement is true or false
The principal danger to Japan in 2001 when the yen was appreciating was that this would
a. increase aggregate demand and make inflation worse. b. decrease aggregate demand and make the recession worse. c. decrease aggregate demand and make inflation worse. d. increase aggregate demand and make the recession worse.