The auto market could be segmented by ( )
A: driver’s age,
B: production scale
C: engine size,
D: cost
A: driver’s age,
B: production scale
C: engine size,
D: cost
举一反三
- If a monopolist engages in three-degree price discrimination in two segmented markets, but the firm's cost function is the same in both markets, in which market will the firm set a higher price? A: The larger market in terms of market size B: The smaller market in terms of market size C: The market with more elastic demand D: The market with less elastic demand
- They could not get a full _________ until age 18. A: driver’s license B: troublesome
- Three cost drivers are used to estimate the cost of processing insurance claims. The cost drivers are: (1) claim amount, (2) age of vehicle in accident and (3) age of driver in accident. The percentages attributable to the cost drivers are 50% for claim amount, and 15% for each of the other two cost drivers. What is the cost to process Claim #101? The claim amount is $1,000. The age of the vehicle is 5 years. The age of the driver is 20 years.
- A profit-maximizing firm in a competitive market will decrease production when marginal cost exceeds average revenue A: 正确 B: 错误
- Identifyingthe appropriate cost driver(s) is the most critical aspect of any method formeasuring cost behavior.