The above is an example of property rights facilitating exchange.
<h3>What is property right?</h3>
This refers to the legal right to own a property whether or not they are tangible or intangible.
Property rights enables one to do the following:
- A person has the authority to own a property.
- The property can be used within the law as he deemed fit.
- Receive any income that the property generates.
Hence, the above is an example of property rights facilitating exchange.
Learn more about property rights here: brainly.com/question/913138
#SPJ1
<span>A Soviet interpretation of this poster would claim that
</span>
Americans are practicing economic imperialism
so correct option i conclude is A
hope it helps
Answer:
c) $10 per pound
Explanation:
Differential cost is the cost difference of one plan when compared to another. it is the difference in cost between 2 alternative decision.
The product x has a cost of $ 15 per pound . The company later modified product X to produce product Y. The additional cost for product Y after modification of X is $ 10. The cost of producing product Y is 15 + 10 = $ 25.
The differential cost of producing product Y is the difference of the cost of producing product Y and product X. it can be computed as 25 - 15 = $ 10 per pound .
Answer:
<h2>The correct answers in this case are options (ii) and (iii).</h2>
Explanation:
As opposed to competitive market structure,the Marginal Revenue(MR) for a monopoly is less than the output price(P).In competitive market,the market competition or firm rivalry pushes the price down to a fixed level which is equal to MR or the revenue earned by all firms(price takers) from selling 1 more unit of output.Due to absence of any competition,a monopoly(price maker) can set the P and production level at the point where MR is equal to the Marginal Cost of production(MC) or the cost of producing one more unit of output.This is the profit maximizing price and output of a monopoly.Now,to sell more output,the monopoly has to increasingly reduce the P in order to attract more customers and it will continually set the P at the profit maximizing level of output where MR=MC.Therefore,for a monopoly,the P or output price is less than the MR obtained,while due to high competition or firm rivalry,all the competitive firms are able to charge a fixed and uniform P for each unit of output and earn identical MR as well.
Answer:
is the practice of posting a discrete schedule of declining prices for different ranges of quantities
Explanation:
In the case of the second degree price discrimination, the firm should chares the different kinds of the prices as per the quantity demanded i.e. if the large quantities are ordered so it should be charged at the less price and if the small quantities are ordered so it should be charged at the high prices. The motive behind this is to motivate the bulk sales that means when the buyer purchased the products in bulk so he will get the high discounts
Therefore the third option is correct