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Yale Microeconomics 115 Exm - Study guides, Class notes & Summaries

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Yale Microeconomics 115 Final Exam

  • Exam (elaborations)

    Yale Microeconomics 115 Final Exam

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    15
    November 2024
    2024/2025
    A+
  • Yale Microeconomics 115 Final Exam Good and bad news of marginal revenue ️️-Good: sells an additional unit (gains p1) -Bad: All previous units are now cheaper (loses deltaP(Q1)) Marginal revenue in perfect competition ️️only need to think about prices MR(Q)= P2 + deltaP/deltaQ(Q1) first degree price discrimination ️️(NOT REALISTIC) charging each individual customer a different price based on their willingness to pay -firms know each individual's WTP and can charge each ...
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