Question: A local dentist is caQuestion: A. 0 b. 1 c. 50 d. 2 33. All of the following might explain a firm offering quantity discounts en…pable of mowing his lawn but he should hire someone else to do it instead. U…

02 May Question: A local dentist is caQuestion: A. 0 b. 1 c. 50 d. 2 33. All of the following might explain a firm offering quantity discounts en…pable of mowing his lawn but he should hire someone else to do it instead. U…

Posted at 08:04h in 2Past Paper by Exams

a. 0 b. 1 c. 50 d. 2 33. All of the following might explain a firm offering quantity discounts encerpt a. lower costs of handling large orders. b. an inelastic demand for the good. c. monopoly power in this market. d. existence of some high and some low demand consumers 34. Suppose demand for a good is Qo-100-P and supply is Qs-20+P. What is the amount comsumens py producers? a. 60 b. 2400 С. 3600 d. 6400 Suppose goods Xand Yare produced along a prod ction possibilities for terr-狎-500 and they are perfect substitutes such that U-X+Y. The slope of the production possibilities fromticer 35. 500- What is the MRTS at the optimal point? 0.

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