Why does a price-discriminating monopolist make a higher profit than a normal monopolist?
Question:
Why does a price-discriminating monopolist make a higher profit than a normal monopolist?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
A pricediscriminating monopolist makes a ...View the full answer
Answered By
Sidharth Jain
My name is Sidharth. I completed engineering from National Institute of Technology Durgapur which is one of the top college in India. I am currently working as an Maths Faculty in one of the biggest IITJEE institute in India. Due to my passion in teaching and Maths, I came to this field. I've been teaching for almost 3 years.
Apart from it I also worked as an Expert Answerer on Chegg.com. I have many clients from USA to whom I teach online and help them in their assignments. I worked on many online classes on mymathlab and webassign. I guarantee for grade 'A'.
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A hardware company adds 5% to bills that are not paid within a 30-day period. A carpenter is unable to pay a bill for $92.35 until after 30 days. What the interest charged on the bill?
-
In exercise 23.3, we analyzed the case of a monopoly health insurance provider. We now extend the analysis to second-degree price discrimination, with x again denoting the degree of health insurance...
-
Which of the following statements about a third degree price discrimination monopolist selling in two different markets (meaning to two groups of consumers) is FALSE? A third degree price...
-
Calculate the dollar proceeds from the FIs loan portfolio at the end of the year, the return on the FIs loan portfolio, and the net interest margin for the FI if the spot foreign exchange rate has...
-
A system consists of 3.5 mol of an ideal monatomic gas at 315 K. How much heat must be added to the system to double its internal energy at (a) Constant pressure (b) Constant volume?
-
(a) If accounts payable are 55,000 and purchases are 232,000, what is the accounts payable/ purchases ratio? (b) How many days does the business take on average to pay its creditors?
-
Several professionals are listed as being part of compliance efforts with regard to participation in the examination of potential compliance violations. Identify at least three other categories of...
-
Carver Department Stores, Inc., constructs its own stores. In the past, no cost has been added to the asset value for interest on funds borrowed for construction. Management has decided to correct...
-
There are two primary reasons that guide my approach to back up files externally. First, there's the aspect of cost savings. Investing in a hard drive with sufficient storage capacity constitutes a...
-
Why is the competitive price impossible for an industry that exhibits strong economies of scale?
-
Why is area C in Figure 14-5 not considered a loss to society from monopoly? PM Pc Price 0 Marginal cost FIGURE 14-5 The Welfare Loss from Monopoly The welfare loss from a monopoly is repre- sented...
-
In problem use the improved Eulers method to obtain a four-decimal approximation of the indicated value. First use h = 0.1 and then use h = 0.05. y' = 2x - 3y + 1, y(1) = 5; y(1.5)
-
Adam Smith noted each of the following economies of scale except _______. a) specialization b) employment of expensive equipment c) saving of time that would otherwise be spent going from one task to...
-
If demand is inelastic and price is raised, total revenue will ________. a) rise b) fall c) stay the same d) possibly rise or possibly fall
-
In general, as output rises you first attain _______. a) increasing returns, then diminishing returns, then negative returns b) diminishing returns, then negative returns, then increasing returns c)...
-
When demand is perfectly elastic, a tax increase is borne ______. a) only by the buyer b) only by the seller c) mostly by the buyer d) mostly by the seller
-
The law of diminishing returns may also be called the law of _______. a) diminishing marginal output b) diminishing positive returns c) negative returns d) increasing returns
-
Let f(x) be the probability density function for the time it takes you to drive to school in the morning, where is measured in minutes. Express the following probabilities as integrals. (a) The...
-
A person purchases a dozen eggs and must take them home. Although making trips home is costless, there is a 50 percent chance that all of the eggs carried on one trip will be broken during the trip....
-
Suppose there is a 50-50 chance that a risk-averse individual with a current wealth of $20,000 will contract a debilitating disease and suffer a loss of $10,000. a. Calculate the cost of actuarially...
-
Mr. Fogg is planning an around-the-world trip. The utility from the trip is a function of how much he spends on it (Y) given by U(Y) = log Y Mr. Fogg has $10,000 to spend on the trip. If he spends...
-
Briefly introduce / define cultural barriers. Each team member provides 2 concrete examples ( 4 examples in total ) and explains why / in what ways they are considered barriers. Provide...
-
While working for company A + you were tasked with determining if a specific product development project was going to be feasible or not. For this task you decided to use the NPV method.After talking...
-
Chanel, Inc. manufactures luxury handbags, wallets, shoes, backpacks, and other high-end products with its iconic Chanel trademark (the name "Chanel" in a particular font and format, and two...
Study smarter with the SolutionInn App