The Numerator of a Certain Fraction Is 1 More Than

question 275

Essay

The numerator of a certain fraction is 1 more than the denominator. If is added to the fraction, the result is 2. Find the fraction.

Understand the concept of price discrimination and its impact on profits.

Grasp the relationship between elasticity of demand and price discrimination.

Identify the conditions under which price discrimination increases producer surplus.

Differentiate between scenarios of legal and illegal price discrimination.

---

Definitions:

Stimulus Generalization

The process by which a conditioned response starts occurring in response to stimuli that are similar but not identical to the original conditioned stimulus.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with a stimulus that naturally evokes a response.

New Stimulus

An unfamiliar or novel trigger in the environment that has the potential to elicit a response from a person or an animal.

Hertz

A unit of frequency in the International System of Units (SI), symbolized as Hz, denoting one cycle per second.