Marginalism, Profit and Loss, Socialism, Externalities, Government and Market Failure
Price Quantity TR
3 10 30$
4 9 36$
5 8 40$
6 6 36$
7 3 21$
8 1 8$
At what price is marginal revenue highest?
What kind of price discrimination is the following:
Several people come into a car dealership to buy a car and each one negotiates a different price with the dealership.
What kind of price discrimination is the following:
Buying a single banana costs a dollar, but buying 10 bananas at once costs 5 dollars.
What kind of price discrimination is the following:
At the movie theaters students and seniors get discounted tickets.
What kind of price discrimination is the following:
Field trips for elementary students are given steep discounts at museums.