Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Question
Chapter 26, Problem 4SPA
(a)
To determine
Identify the event that causes a change in the value of the U.S. dollar.
(b)
To determine
Identify the determined event that will impact on change in
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Students have asked these similar questions
Which of the following is the best example of perfect price discrimination?
A. Universities give entry scholarships to poorer students.
B. Students pay lower prices at the local theatre.
○ C. A hotel charges for its rooms according to the number of days left before the check-in date.
○ D. People who collect the mail coupons get discounts at the local food store.
○ E. An airline offers a discount to students.
Consider the figure at the right. The profit of
the single-price monopolist
OA. is shown by area D+H+I+F+A.
B. is shown by area A+I+F.
OC. is shown by area D + H.
○ D. is zero.
○ E. cannot be calculated or shown with just the
information given in the graph.
(C)
Price ($)
B
C
D
H
FIG
шо
E
MC
ATC
A
MR
D = AR
Quantity
Consider the figure. A perfectly price-discriminating
monopolist will produce
○ A. 162 units and charge a price equal to $69.
○ B. 356 units and charge a price equal to $52 for the
last unit sold only.
OC. 162 units and charge a price equal to $52.
OD. 356 units and charge a price equal to the
perfectly competitive price.
Dollars per Unit
$69
$52
MR
162 356
Output
MC
D
Chapter 26 Solutions
Pearson eText Economics -- Instant Access (Pearson+)
Ch. 26.1 - Prob. 1RQCh. 26.1 - Prob. 2RQCh. 26.1 - Prob. 3RQCh. 26.1 - Prob. 4RQCh. 26.1 - Prob. 5RQCh. 26.1 - Prob. 6RQCh. 26.1 - Prob. 7RQCh. 26.2 - Prob. 1RQCh. 26.2 - Prob. 2RQCh. 26.2 - Prob. 3RQ
Ch. 26.2 - Prob. 4RQCh. 26.2 - Prob. 5RQCh. 26.2 - Prob. 6RQCh. 26.3 - Prob. 1RQCh. 26.3 - Prob. 2RQCh. 26.3 - Prob. 3RQCh. 26.3 - Prob. 4RQCh. 26.4 - Prob. 1RQCh. 26.4 - Prob. 2RQCh. 26.4 - Prob. 3RQCh. 26 - Prob. 1SPACh. 26 - Prob. 2SPACh. 26 - Prob. 3SPACh. 26 - Prob. 4SPACh. 26 - Prob. 5SPACh. 26 - Prob. 6SPACh. 26 - Prob. 7SPACh. 26 - Prob. 8SPACh. 26 - Prob. 9SPACh. 26 - Prob. 10SPACh. 26 - Prob. 11APACh. 26 - Prob. 12APACh. 26 - Prob. 13APACh. 26 - Prob. 14APACh. 26 - Prob. 15APACh. 26 - Prob. 16APACh. 26 - Prob. 17APACh. 26 - Prob. 18APACh. 26 - Prob. 19APACh. 26 - Prob. 20APACh. 26 - Prob. 21APACh. 26 - Prob. 22APACh. 26 - Prob. 23APACh. 26 - Prob. 24APACh. 26 - Prob. 25APACh. 26 - Prob. 26APACh. 26 - Prob. 27APACh. 26 - Prob. 28APACh. 26 - Prob. 29APA
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- Suppose a drug company cannot prevent resale between rich and poor countries and increases output from 3 million (serving only the rich country with a price of $80 per treatment) to 9 million (serving both the rich and the poor countries with a price of $30 per treatment). Marginal cost is constant and equal to $10 per treatment in both countries. The marginal revenue per treatment of increasing output from 3 million to 9 million is equal to ○ A. $20 per treatment, which is greater than the marginal cost of $10 per treatment and thus implies that profits will rise. ○ B. $20 per treatment, which is greater than zero and thus implies that profits will rise. ○ C. $30 per treatment, which is greater than the marginal cost of $10 per treatment and thus implies that profits will rise. ○ D. $5 per treatment, which is less than the marginal cost of $10 per treatment and thus implies that profits will fall. ○ E. $30 per treatment, which is less than the marginal revenue of $80 per treatment…arrow_forwardConsider the figure. A single-price monopolist will have a total revenue of Single-Price Monopolist OA. 84×$13. O B. 92x $13. OC. 84×$33. OD. 92 x $33. C Price ($) $33 $13 MC MR D 84 92 Output The figure is not drawn to scale.arrow_forward10.As COVID-19 came about, consumers' relationship with toilet paper changed and they found themselves desiring more than usual. Eventually, toilet paper producers saw an opportunity to make more money and meet the growing demand. Which best describes this scenario as depicted in Snell's 2020 article? A. The demand curve shifted left and the supply curve shifted left B. The demand curve shifted left and the supply curve shifted right C. The demand curve shifted right and the supply curve shifted left D. The demand curve shifted right and the supply curve shifted rightarrow_forward
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