Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

The following graph shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue,

The following graph shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue,MRT, and marginal cost. How should the firm allocate sales between the two markets?

Group of answer choices

75 in market 1, 150 in 2

100 in market 1, 175 in 2

150 in each market

150 in market 1, 300 in 2

112.5 in each market

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: David Laibson, John List

Global Edition 1st Edition

1292079576, 978-1292079578

More Books

Students also viewed these Economics questions

Question

★★★★★

Accounting requires presentation of earnings per share data along with the income statement. Required: a. Explain the meaning of basic earnings per share. b. Explain how diluted earnings per share...

Answered: 1 week ago

Question

★★★★★

On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $9,200, terms 1/10, n/30. On January 16, Foley pays the amount due. Instructions Prepare the entries on Aaron Co.s books to...

Answered: 1 week ago

Question

★★★★★

Exude confidence, not arrogance.

Answered: 1 week ago

Question

★★★★★

Suppose that there is technological change that reduces the cost of recruiting for firms. Using the DMP model, determine the effects on the unemployment rate, the vacancy rate, the labor force, the...

Answered: 1 week ago

Question

★★★★★

What DataFrame method returns a sorted DataFrame? sort ( ) sort _ values ( ) order ( ) arrange ( )

Answered: 1 week ago

Question

★★★★★

The picture below shows the actions of a baseball pitcher: Point A shows pitcher ready to throw ball and B shows pitcher just after releasing the ball. 2017 Clipart When the pitcher releases the ball...

Answered: 1 week ago

Question

★★★★★

Input values to the quiz 3.5 1.5 0.8 Solve the problem below and enter answers in first row above. Do NOT enter units or any other tex A simply supported beam carrying a triangular distributed load...

Answered: 1 week ago

Question

★★★★★

Consider a plate of 2.4 m x 3.0 m shown below. First, find the temperature distribution at the interior nodes using a square grid with a length of 0.1 m and a relative error of 1E-6 for the case in...

Answered: 1 week ago

Question

★★★★★

I. What is business analysis? and how it is helpful for organizations? II. What does enterprise content management involve? III. What is business process management? IV. Outline the key benefits of...

Answered: 1 week ago

Question

★★★★★

MRO and Logistics Management Describe an MRO's procurement application of logistics and supply chain management. Describe ways to reduce hidden costs in MRO's logistics. Explain the differences...

Answered: 1 week ago

Question

★★★★★

a) In each of the following plots, a training dataset of data points X in R^2 labeled either + or - is given, where the original features are the coordinates (x,y). You can assume that the data is...

Answered: 1 week ago

Question

★★★★★

Use Newton's Method with the first approximation 1=1.7 to find 3, the third approximation to the real zero of the function ()=3+38 in the interval (1,8). (Use decimal notation. Give your answer to...

Answered: 1 week ago

Question

★★★★★

10. Find a news article in a daily newspaper, and answer the following questions: (a) Does the information in the article support your views and attitudes or does it conflict with them? (b) Does the...

Answered: 1 week ago

Question

★★★★★

2. Give an example where information that is emotionally interesting, specific and close in time and space, can be used to capture someones interest.

Answered: 1 week ago

Question

★★★★★

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Previous Question Next Question