100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
Eerder door jou gezocht
ECS2601 ASSESSMENT 5 SEMESTER 1 2024 SEARCHABLE A tuckshop near Unisa offers lunch specials to first-year students. If students showed their ID cards, they would receive 10% off the cost of their lunch. This practice is anexample of Suppose that an indu€2,70
In winkelwagen
ECS2601 ASSESSMENT 5 SEMESTER 1 2024 SEARCHABLE A tuckshop near Unisa offers lunch specials to first-year students. If students showed their ID cards, they would receive 10% off the cost of their lunch. This practice is anexample of Suppose that an indu
31 keer bekeken 1 keer verkocht
Vak
Intermediate Microeconomics - ECS2601 (ECS2601)
Instelling
University Of South Africa (Unisa)
Boek
Microeconomics
ECS2601 ASSESSMENT 5 SEMESTER 1 2024 SEARCHABLE
A tuckshop near Unisa offers lunch specials to first-year students. If students showed their ID cards, they would receive 10% off the cost of their lunch. This practice is anexample of
Suppose that an industry is characterized as follows:
C = 1...
PES3701 ASSIGNMENT 3 (DETAILED ANSWERS WITH FOUR ESSAY OPTIONAL ANSWERS) - DUE 30 JULY 2024QUESTIONS AND COMPLETE WELL EXPLAINED ANSWERS WITH RATIONALE 100% CORRECT VERIFIED BY EXPERTS AND GRADED A+ L...
Alles voor dit studieboek
(2)
Geschreven voor
University of South Africa (Unisa)
Intermediate Microeconomics - ECS2601 (ECS2601)
Alle documenten voor dit vak (1)
Verkoper
Volgen
BMZAcademy
Ontvangen beoordelingen
Voorbeeld van de inhoud
BMZ ACADEMY
BMZ ACADEMY
@061 262 1185/068 053 8213/0717 513 144
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
Question 1
Not yet answered
Marked out of 3.00
Flag question
Question text
Suppose that an industry is characterized as follows:
C = 100 + 2q2 each firm’s total cost function
MC = 4q firm’s marginal cost function
P = 90 – 2Q industry demand curve
MR = 90 – 4Q industry marginal revenue curve
If there is only one firm in the industry, find the monopoly level of profit.
a. R406.25
b. R40.62
c. R55
d. R550
Clear my choice
Question 2
Not yet answered
Marked out of 2.00
Flag question
Question text
A tuckshop near Unisa offers lunch specials to first-year students. If students showed
their ID cards, they would receive 10% off the cost of their lunch. This practice is
anexample of
a. price discrimination
b. collusion
c. a two-part tariff
d. bundling
Question 3
Not yet answered
Marked out of 2.00
Flag question
Question text
When MR > MC, this mean a monopolist is facing reduced profits and should produce
less.
Select one:
True
False
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
Page 2 of 10
, BMZ ACADEMY
Question 4
Not yet answered
Marked out of 2.00
Flag question
Question text
A perfect price-discrimination monopolist will …
a. All of the options are correct.
b. leave no consumer surplus for his/her customer.
c. produce where MC=MR.
d. produce the amount that is larger than a non-price discriminator.
Question 5
Not yet answered
Marked out of 2.00
Flag question
Question text
A weakness of the Stackelberg model is that …
a. both firms behave strategically.
b. there are no assumptions about how the firms will react to each other.
c. both firms behave naively rather than strategically.
d. one firm behaves strategically while the other behaves naively.
Clear my choice
Question 6
Not yet answered
Marked out of 2.00
Flag question
Question text
Price discrimination requires the ability to sort customers and the ability to prevent
arbitrage.
Select one:
True
False
Question 7
Not yet answered
Marked out of 2.00
Flag question
Question text
Duopoly is a special case of which type of market structure
a. Monopoly.
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
Page 3 of 10
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper BMZAcademy. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €2,70. Je zit daarna nergens aan vast.
