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Satsume Satsume
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6 years ago
Which of the following statements about setting optimal two-part tariffs for many consumers is NOT true?
A) The number of buyers (entrants) declines as the entrance fee (tariff) increases.
B) The profit from the entrance fee (tariff) is a concave function of the tariff because it first increases and then decreases as the tariff increases.
C) The profit from the entrance fee (tariff) is a convex function of the tariff because if first declines and then increases as the tariff increases.
D) The total profits is composed of the profit from the entrance fee (tariff) and from the profit from sales to buyers.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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CanihCanih
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#1
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6 years ago
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Satsume Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Holly72492
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Yesterday
Thanks for your help!!
IvanaVR
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2 hours ago
Thank you, thank you, thank you!
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