Econ 705 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Econ 705? On this page you'll find 49 study documents about Econ 705.
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ECON 705 Mod 6 Self-Assessment (GRADED A) Questions and Answers | 100 out of 100
![ECON 705 LSUS MODULE 7 - FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS](/docpics/6426156c74c13_2536453.jpg)
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ECON 705 LSUS MODULE 7 - FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 13 pages • 2023
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Price Discrimination CORRECT ANSWER Charging different buyers different prices for the same unit or charging the same buyer different prices for each unit or blocks of units 
 
First-Degree Price Discrimination CORRECT ANSWER charging the maximum price that each buyer is willing to pay for each unit purchased; buyer's reservation price; 5 for 1st; 4 for 2nd object; 3 for third object etc.; difficult in practice 
 
Buyer's Reservation Price CORRECT ANSWER the price charged in first-degree price...
![ECON 705 Module 7 video 2 quiz (GRADED A) Questions and Answer solution | Southeastern Louisiana University](/docpics/64075a99337a1_2446111.jpg)
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ECON 705 Module 7 video 2 quiz (GRADED A) Questions and Answer solution | Southeastern Louisiana University
- Exam (elaborations) • 6 pages • 2023
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ECON 705 Module 7 video 2 quiz (GRADED A) Questions and Answer solution | Southeastern Louisiana University
ECON 705 Self-Assessment Mod 7 (GRADED A+) Questions and Answer solutions 100% CORRECT
![ECON 705 Mod. 6 Self-Assessment Test with Solutions](/docpics/6421f24b0a46b_2522870.jpg)
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ECON 705 Mod. 6 Self-Assessment Test with Solutions
- Exam (elaborations) • 9 pages • 2023
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ECON 705 
Mod. 6 Self-Assessment Test with Solutions 
 
 
1.	The ability of a firm to raise its price while still maintaining a certain amount of sales means that the firm 
Select one: 
 
a.	produces a complementary good. 
 
b.	faces perfectly elastic demand for its product. 
 
c.	produces a perfect substitute for the other products in the industry. 
 
 
 
2.	All of the following could be a barrier to entry except Select one: 
a.	large economies of scale. 
 
b.	occupational licenses (e.g., teac...
![ECON 705 LSUS MODULE 7 - FINAL EXAM QUESTIONS WITH CORRECT ANSWERS](/docpics/63a13616451b5_2191323.jpg)
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ECON 705 LSUS MODULE 7 - FINAL EXAM QUESTIONS WITH CORRECT ANSWERS
- Exam (elaborations) • 7 pages • 2022
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Price Discrimination CORRECT ANSWER Charging different buyers different prices for the same unit or charging the same buyer different prices for each unit or blocks of units 
 
First-Degree Price Discrimination CORRECT ANSWER charging the maximum price that each buyer is willing to pay for each unit purchased; buyer's reservation price; 5 for 1st; 4 for 2nd object; 3 for third object etc.; difficult in practice 
 
Buyer's Reservation Price CORRECT ANSWER the price charged in first-degree price...
![ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100.](/docpics/3927476/65673b8adb81d_3927476_121_171.jpeg)
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ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100.
- Exam (elaborations) • 10 pages • 2023
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ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100. 
Mod. 6 Self-Assessment 
1. The ability of a firm to raise its price while still maintaining a certain amount of sales means 
that the firm 
Select one: 
a. produces a complementary good. 
b. faces perfectly elastic demand for its product. 
c. produces a perfect substitute for the other products in the industry. 
d. has market power. 
2. All of the following could be a barrier to entry except 
Select one: 
a. large eco...
![ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100.](/docpics/3930113/6567a2e312776_3930113_121_171.jpeg)
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ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100.
- Exam (elaborations) • 10 pages • 2023
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- $10.99
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ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100. 
Mod. 6 Self-Assessment 
1. The ability of a firm to raise its price while still maintaining a certain amount of sales means 
that the firm 
Select one: 
a. produces a complementary good. 
b. faces perfectly elastic demand for its product. 
c. produces a perfect substitute for the other products in the industry. 
d. has market power. 
2. All of the following could be a barrier to entry except 
Select one: 
a. large eco...
![ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100.](/docpics/3932101/65682623b3a9f_3932101_121_171.jpeg)
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ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100.
- Exam (elaborations) • 10 pages • 2023
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- $10.99
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ECON 705 Mod 6 Self-Assessment (GRADED A+) Questions and Answers 100 out 100. 
Mod. 6 Self-Assessment 
1. The ability of a firm to raise its price while still maintaining a certain amount of sales means 
that the firm 
Select one: 
a. produces a complementary good. 
b. faces perfectly elastic demand for its product. 
c. produces a perfect substitute for the other products in the industry. 
d. has market power. 
2. All of the following could be a barrier to entry except 
Select one: 
a. large eco...
![ECON 705 Module 1 Exam prep 2023 With Revised Answered Answers.](/docpics/6414b1ed09412_2483822.jpg)
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ECON 705 Module 1 Exam prep 2023 With Revised Answered Answers.
- Exam (elaborations) • 31 pages • 2023
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ECON 705 Module 1 Exam prep 2023 With Revised Answered Answers. 
1. The laws of demand implies that, other things remaining the same: 
a. As the price of cheeseburgers rises, the quantity demanded will decrease 
 Price = demand 
2. A substitute is a good: 
a. That can be used in place of another good. 
3. The demand for a good increases when the price of a substitute _______ and also 
increases when the price of a compliment _______. 
a. Rises; falls 
Demand of a good when the price of a substit...
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