The Following Table Shows the Marginal Revenues Earned by a Price

question 4

Multiple Choice

The following table shows the marginal revenues earned by a price discriminating monopolist in two different markets.Table 11.5

-Refer to Table 11.5. How would a price-discriminating monopolist allocate his or her product between market X and market Y if marginal cost is $40 in both markets?

• A)4 units in market X; 1 unit in market Y
• B)3 units in market X; 2 units in market Y
• C)2 units in market X; 3 units in market Y
• D)Nothing in market X; 5 units in market Y
• E)5 units in market X; nothing in market Y

---

Definitions:

Direction Of The Relationship

Refers to the pattern or manner in which two variables are associated, indicating whether an increase in one variable corresponds with an increase (positive relationship) or decrease (negative relationship) in the other.

Goal Of Psychology

The objective of understanding, predicting, and influencing behavior and mental processes through scientific methods.

Cognitive Neuroscience

A branch of neuroscience that studies the biological processes and aspects that underlie cognition, with a focus on the neural connections in the brain which are involved in mental processes.

Critical Thinking

Systematically examining and appraising an issue with the aim of reaching a conclusion.