When a monopolist charges different prices to each customer it is called price discrimination of – (a) First order ; (b) Second order ; (c) Third order ; (d) Fourth order

When a monopolist charges different prices to each customer it is called price discrimination of – (a) First order ; (b) Second order ; (c) Third order ; (d) Fourth order
by

1 Answer

Answer :

(a) First order ;
by

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The practice of selling same product to different persons at different price is called (a) Price discrimination ; (b) Price rigging ; (c) Price manipulation ; (d) Price Justification

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Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is (a) 1 ; (b) 4 ; (c) 5 ; (d) 3

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If you like pretty gems that sparkle and shine, I invite you to dig in my virtual mine. My first is purple, fit for a king, My second is green where Dorothy did her thing. My third is red, July's birthstone as well, My fourth is seen in strings and is found inside a shell. My fifth is hard, pure Carbon and expensive to buy, My sixth is Crocodolite, striped like the big cat's eye. Seventh is two words, a man-made fake of April's stone, Eighth is very dark and found at Lightning Ridge alone. Now take from each gem, one letter in its turn, And you will find the stuff for which even the god's yearn. -Riddles

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Three people picked 65 apples altogether. At the first tree they each picked the same number of apples. At the second tree they each picked 3 times as many as they picked at the first tree. When they finished at the third tree, the group had 5 times as many apples as they had when they started at that tree. At the fourth tree the group picked just 5 apples. How many apples did each person pick at the first tree?

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Last Answer : One Apple