Answer:
Monopolist can charge a higher price from women.
Explanation:
A monopolist is producing 100,000 units of a product.
The price of the product is $5 per unit.
The price elasticity of demand for men at this price is -3.5.
The price elasticity for women, on the other hand, is -0.8.
This means that the men have a relatively elastic demand for the product. While on the other hand, women have relatively inelastic demand. This implies that if the price is increased the demand from women will not change by a greater proportion.
While demand from men can change to a greater proportion because of a change in price.
In this situation, the firm can charge a higher price from women. This is an example of third-degree price discrimination.
Answer:
A. the 10thhour of study will likely be less productive than the 3rd.
Explanation:
The law of diminishing returns is a point at which the level of benefits or apprehensions gained is less than the amount of energy or time that is invested.
So at the tenth hour, this law would be setting in, and the effectiveness of each additional unit of time decreases. So this hour will be less productive than the third hour.
Explanation:
it is called Formalization
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The answer is: <em><u>TRUE </u></em> Equality refers to how the pie is divided and efficiency refers to the size of the economic pie.
If a good that generates positive externalities were produced and priced to take into account these spillover benefits, then its: price and output would increase.
Definition of Positive Externality: this happens when the consumption or production of a decent causes a benefit to a 3rd party. For example: once you consume education you get a non-public benefit. But there also are benefits to the remainder of society.
When a positive externality is present, the market produces the socially optimal quantity of the great or service, since there's a benefit to society that's not captured by the individual.
When products that make positive externalities are produced, at the market equilibrium output, the social benefit Positive Externality generated by consuming the merchandise exceeds the private benefit. A. people that sleep in one country have the benefit of the assembly of an honest or service that happens in another country.
This occurs when the assembly of an honest person causes a 3rd party benefit. As a result there's a Positive Externality nonstop benefit where the assembly of an honest or service positively impacts a 3rd party. The benefit to the individual or firm is a smaller amount than the benefit to society.
learn more about Positive Externality: brainly.com/question/10743687
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