1、A monopolist is able to practice third degree price discrimination between two markets. The demand function in the first market is q = 500-2p and the demand function in the second market is q = 1500-6p. To maximize his profits, he should:
A、charge a higher price in the second market than in the first.
B、charge a higher price in the first market than in the second.
C、charge the same price in both markets.
D、sell only in one of the two markets.
2、A monopolist finds that a person’s demand for its product depends on the person’s age. The inverse demand function of someone of age y; can be written p = A(y)-q where A(y) is an increasing function of y. The product cannot be resold from one buyer t
A、older people will pay higher prices and purchase less of this product.
B、older people will pay higher prices and purchase more of this product.
C、older people will pay lower prices and purchase more of this product.
D、everyone pays the sam
3、A monopolist has discovered that the inverse demand function of a person with income M for the monopolist’s product is p = 0.002M-q. The monopolist is able to observe the incomes of its consumers and to practice price discrimination according to inco
A、p = 0.001M + 50.
B、p = 0.002M-100.
C、p = M2.
D、p = 0.01M2 + 100.
4、Wobble’s Weebles is the only producer of weebles. It makes weebles at constant marginal cost c (where c > 0) and sells them at a price of p1 per weeble in Market 1 and at a price of p2 per weeble in Market 2. The demand curve for weebles in Market
A、2/3
B、1/3
C、3/2
D、3
5、Third degree price discrimination occurs when a monopolist sells output to different people at different prices, but every unit that an individual buys costs the same amount.
A、对
B、错
6、A monopolist finds that a person’s demand for its product depends on the person’s age. The inverse demand function of someone of age y; can be written p = A(y) function of y. The product cannot be resold from one buyer to another and the monopolist k
A、older people will pay higher prices and purchase less of this product.
B、older people will pay higher prices and purchase more of this product.
C、older people will pay lower prices and purchase more of this product.
D、everyone pays the sam
7、A monopolist finds that a person’s demand for its product depends on the person’s age. The inverse demand function of someone of age y; can be written p = A(y)-q where A(y) is an increasing function of y. The product cannot be resold from one buyer t
A、older people will pay higher prices and purchase less of this product.
B、older people will pay higher prices and purchase more of this product.
C、older people will pay lower prices and purchase more of this product.
D、everyone pays the sam
8、A monopolist has discovered that the inverse demand function of a person with income M for the monopolist’s product is p = 0.002M-q. The monopolist is able to observe the incomes of its consumers and to practice price discrimination according to inco
A、p = 0.001M + 50.
B、p = 0.002M-100.
C、p = M2.
D、p = 0.01M2 + 100.
9、Wobble’s Weebles is the only producer of weebles. It makes weebles at constant marginal cost c (where c > 0) and sells them at a price of p1 per weeble in Market 1 and at a price of p2 per weeble in Market 2. The demand curve for weebles in Market
A、2/3.
B、1/3.
C、3/2.
D、3
10、A monopolist sells in two markets. The demand curve for her product is given by p1 = 303-3*x1 in the first market and p2 = 253-5*x2 in the second market, where xi is the quantity sold in Market i and pi is the price charged in Market i. She has a con
A、x1 = 100 and x2 = 27
B、x1 = 50 and x2 = 25
C、x1 = 75 and x2 = 50
D、x1 = 60 and x2 = 23
