Revenue by selling identical units of output

Assignment Help Business Economics
Reference no: EM13886549

True, False, uncertain, and why?

 

A price searcher maximizes his revenue (from a given output) by selling identical units of output at the same price to all customers, for if she sold identical units at different prices to different customers, it would be possible to increase the revenue derived from a given output by shifting sales from low paying customers to high paying customers.

Reference no: EM13886549

Questions Cloud

Determine the optimal bundle of stated prices and income : For the following utility functions and prices. Determine the optimal bundle of x1 and x2 given the stated prices and income. Illustrate the optimal consumer choice decision in each of the two cases below.
What is the relationship between GPA and Job Selection : What is the relationship between GPA and Job Selection? (inverse or direct) What are other factors that affect job selection?
What is price per square foot of housing 5 miles from center : Consider a homocentric city where the cost of commuting is $20 per mile per month. A household located 5 miles from the city center lives in a 1,000 square foot house that costs it $500 per month. Non-land costs per house are $100 per month and there..
What percentage will wages increase after the factory opens : Consider a city where a new automobile factory is scheduled to open. The factory will employ 1,000 people, and the city's employment multiplier for the automobile industry is 2.5. The city's elasticity of labor supply is 1.8, and its elasticity of la..
Revenue by selling identical units of output : A price searcher maximizes his revenue (from a given output) by selling identical units of output at the same price to all customers, for if she sold identical units at different prices to different customers, it would be possible to increase the rev..
Characteristics of the modern bureaucracy : Discuss your view about the modern bureaucracy, particularly regarding the size of the bureaucracy, its role in daily public life, and characteristics of the civil service workforce. In particular, discuss whether it should be easier to hire and term..
These most likely warrants : Niki owns Solar Corporation. Niki uses Solar’s funds to pay her personal expenses, creates Pure Green Corporation to engage in the same business as Solar, transfers Solar’s assets to Pure Green, and petitions Solar into bankruptcy. These most likely ..
Health insurance companies are oligopolies : Health insurance companies are oligopolies, and one of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Discuss in relation to the policies and practices of health insurance companies.
How income distribution is measured and discuss its effects : Explain how income distribution is measured and discuss its effects. How income distribution is measured using a Gini coefficient? Is a less equal distribution of income good or bad for a country’s economic growth?

Reviews

Write a Review

Business Economics Questions & Answers

  Determinant of demand changes in the personal computer

Which determinant of demand changes in the personal Computer marketplace as more persons become interested

  To meet increased delivery demands

To meet increased delivery demands, a Dairy company just bought 15 new delivery trucks. Each truck cost $30,000 and has an expected life of 4 years. The trucks can each be sold for $8,000 after four years. Using CCA Class 10 depreciation, determine a..

  Increases the equilibrium gdp also the size

increases the equilibrium GDP also the size of that increase varies directly with the size of the MPC

  Compare the euro downfall with the other major currencies

Compare the Euro downfall with the other major currencies of the world over? In regards with the negative interest rate they implemented.

  Qa suppose we randomly poll 500 americans and ask them

q.a suppose we randomly poll 500 americans and ask them whether they believe that the parents are involved. what is the

  Estimate and explain how the electrical monopolist

Estimate and explain how the electrical monopolist would determine its profit-maximizing price and output level.

  Why does inflation affect increase in social security

Why does inflation affect increase in Social Security and or profits. Is this effect a cost of inflation, as article suggests. Why or why not.

  What is the price elasticity of labor supply

Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?

  Determine the minimum average cost

Determine the minimum average cost of the firm with these different order sizes.

  What happen when south africa is world primary supplier

Suppose that the market for engagement rings is in equilibrium. Then political unrest in South Africa shuts down the diamond mines there. South Africa is the world's primary supplier of diamonds. What will happen.

  Shift of the supply curve for hot dogs check all that apply

Which of the following would cause a shift of the supply curve for hot dogs check all that apply?

  Explain what do you think the fact that most american ceo

Explain what do you think the fact that most American CEOs are paid so much more than rank-and-file employees suggests CEOs are overpaid.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd