A Firm Cannot Price Discriminate If

question 130

Multiple Choice

A firm cannot price discriminate if

• A)its marginal revenue curve is linear for all levels of output.
• B)it operates in a competitive market.
• C)buyers only reveal the price they are willing to pay for the product.
• D)it has a constant marginal cost.

Recognize the main body cavities and their subdivisions.

Know the basic functions and structures of the human body systems.

Understand the chemical and physical basis of life including elements, compounds, and their reactions.

Identify the directional terms and body planes used in anatomy.

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Definitions:

Job-Order Costing System

A cost accounting system that assigns costs to specific production batches or jobs, used in custom or unique product manufacturing.

Direct Labor-Hours

The total hours worked by employees that are directly involved in the production process, serving as a measure for allocating labor costs to products or services.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products based on a certain activity base.

Plantwide Predetermined

A rate calculated by dividing the estimated manufacturing overhead cost by the estimated amount of a cost driver, applied uniformly across a manufacturing plant.