If the monopoly illustrated in the figure above could engage in perfect price discrimination, then the lowest ticket price would be
A) $1.00.
B) $2.00.
C) $3.00.
D) $3.50.
B
You might also like to view...
If a consumer is choosing the optimal combinations of two goods X and Y, and then the price of good Y decreases, this causes:
a. MU/P of good X to increase, so the consumer now must buy more X to find a new optimal combination. b. demand for good X to increase. c. MU/P of good Y to increase, so the consumer now must buy more Y to find a new optimal combination. d. MU/P of good Y to decrease, so the consumer now must buy more Y to find a new optimal combination. e. the demand for good X and good Y will not change.
Mexico has a comparative advantage in producing corn:
A. regardless of the opportunity cost in other countries. B. if its opportunity cost of producing corn is higher than the opportunity cost in other countries. C. if its opportunity cost of producing corn is lower than the opportunity cost in other countries. D. if its opportunity cost of producing corn is the same as the opportunity cost in other countries.
A firm has an Actual margin of 0.60 and charges a price of $75. The firm’s marginal cost is:
? $25 B. $125. ? $45 D $30
Which of the following correctly describes real GDP?
a. Real GDP is GDP after subtracting spending on frivolous items like candy, movies, and toys. b. Real GDP is GDP after subtracting false growth induced by imported goods. c. Real GDP is GDP after adding export sales to foreign countries. d. Real GDP is GDP after subtracting out the effects of inflation.