Demand Schedule Facing a Perfectly Price- Discriminating Firm

question 145

Multiple Choice

Demand Schedule Facing a Perfectly Price- Discriminating Firm

-Using the demand schedule in the above table, the marginal revenue for a perfectly price- discriminating monopolist from the sale of the third unit of output is

• A) $6.
• B) $5.
• C) $3.
• D) $4.

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Definitions:

Stroop Task

A task invented by J. R. Stroop in which a participant sees a list of words (color terms) printed in an ink color that differs from the word named (e.g., green printed in blue ink). The participant is asked to name the ink colors of the words in the list and demonstrates great difficulty in doing so relative to a condition in which non-color words form the stimuli.

Prototype

An original model or first form of something from which other forms are copied or developed.

Exemplar

An individual instance or example that is representative of a category or concept, often used in models of categorization in cognitive psychology.