Which of the Following Statements Is True About Optimal Two-Part

question 209

Multiple Choice

Which of the following statements is true about optimal two-part tariff and perfect price discrimination for a given demand curve?

• A)The total revenue received under the two pricing schedules is the same.
• B)The total revenue received under an optimal two-part tariff exceeds that received under perfect price discrimination.
• C)The total revenue received under an optimal two-part tariff is less than that received under perfect price discrimination.
• D)The total revenue received under an optimal two-part tariff could be greater than, less than, or equal to that received under perfect price discrimination, depending on the fixed-fee portion of the two-part tariff.

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Definitions:

Unconditional Regard

A concept in psychology that refers to accepting and supporting someone regardless of what they say or do, typically used in the context of therapeutic relationships.

Reciprocal Determinism

A core concept of social cognitive theory that suggests individual behavior, environmental factors, and personal cognitive factors operate as interlocking determinants influencing each other.

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Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by difficulties in maintaining attention, hyperactivity, and impulsiveness.

Diagnosed

The process of identifying a disease or condition from its signs and symptoms by a health professional.