Wobble's Weebles Is the Only Producer of Weebles

question 2

Multiple Choice

Wobble's Weebles is the only producer of weebles.It makes weebles at constant marginal cost c(where c > 0) and sells them at a price of p₁ per weeble in market 1 and at a price of p₂ per weeble in market 2.The demand curve for weebles in market 1 has a constant price elasticity of demand equal to -2.The demand curve for weebles in market 2 has a constant price elasticity equal to -3/2.The ratio of the profit-maximizing price in market 1 to the profit-maximizing price in market 2 is

• A)2/3.
• B)1/3.
• C)3/2.
• D)3.
• E)dependent on the value of c.

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Definitions:

Discharge Side

The part of a system where fluid or gas exits or is expelled, often referring to pumps, compressors, and other fluid handling equipment.

Refrigerant Leak Detector

A device or tool used to identify leaks in systems that use refrigerants, crucial for maintaining air conditioning and refrigeration systems.

Truck A/C Systems

Air conditioning systems specifically designed for trucks, consisting of components such as compressors, condensers, and evaporators to regulate cabin temperature.

Swashplate

A stationary canted (angled) plate used in an axial piston pump on which pistons in a rotating cylinder barrel ride; as the pump cylinder rotates, the pistons reciprocate in the barrel bores.