What are the two objectives of price discrimination

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Reference no: EM132530602

Question 1. Explain briefly what is meant by 'utility maximization'?

Question 2. In the diagram below we sec a long run average cost for production of a good.

(i) Copy this diagram and show economics and diseconomies of scale.
(ii) What are economics of scope? Give one example.
(iii) Give two reasons for economies of scale in a firm.
(iv) Give two advantages of economics of scale.

Question 3. In monopoly market the revenue curves are sleep whereas in monopolistic competition they are flatter'. Give two reasons for it.

Question 4. A PPF curve shows different points on the graph:

(i) Define a Production Possibility Frontier (PPF)
(ii) List three sources of economic growth (outward shift)
(iii) List three sources of economic decline (inward shift)

Question 5. How does the Industrial Policy of Oman contribute to its economic growth? Mention two points.

Question 6. In the diagrambelow we see AVC, ATC and MC curves:

Copy this diagram and label the Short run and Long run shut down points.

Question 7. What are the two objectives of Price discrimination?

Question 8. How arc finns interdependent for pricing under Oligopolistic competition.?

Question 9. Why are average revenue, marginal revenue and price, same in perfect competition? Explain in brief.

Reference no: EM132530602

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