An Explanation Is Considered Logically Complete When

question 44

Multiple Choice

An explanation is considered logically complete when:

• A)the person providing it has stopped talking
• B)it accounts for every possible detail of the explanandum
• C)it accounts for every significant detail of the explanandum
• D)it makes use of every conceivable hypothesis that might be relevant
• E)the number of hypotheses is at least as great as the number of explananda

Identify the differences in demand elasticity and how they influence price discrimination strategies.

Differentiate between price discriminating and nondiscriminating monopolists regarding output and profitability.

Explain the conditions necessary for successful price discrimination.

Assess how price discrimination impacts consumer welfare and market efficiency.

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Definitions:

Net Cash

The total amount of cash and cash equivalents minus any liabilities or financial obligations a company has at any point in time.

Operating Activities

Transactions and other events that affect the net income of a company, involving the primary revenue-generating activities such as sales and expense payments.

Cash Dividend

A payment made by a company out of its profits to its shareholders, usually in cash.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for, including both operating activities and investments.