A perfect price discriminator receives a price equal to marginal revenue for each unit
What will be an ideal response?
True. A perfect price discriminator sets the price of each unit sold equal to the reservation price of the good. The price equals the maximum price a consumer will pay for a given unit. Thus, the price of each unit will equal the marginal revenue of each unit.
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
The marginal product of any factor of production depends on
a. the quantity of the factor used. b. the price of the final good. c. the demand for the final good. d. All of the above are correct.