Correct Answer: A. primary production

Correct Answer: A. 2.00

Correct Answer: D. ensure that rules on quota producion are strictly followed

Correct Answer: B. factors of production

Correct Answer: B) price discrimination

Explanation

The question is asking about a pricing behavior that a firm can use for a good or service. The behavior is where the firm charges different prices to different consumers for the same good or service. This behavior is known as price discrimination, which is the correct answer (Option B).

Price discrimination occurs when a firm charges different prices for the same good or service based on the different levels of demand and willingness to pay of different consumers. The firm can do this by offering different prices to different market segments, based on factors such as age, income, location, or time of purchase.

Price discrimination can be beneficial for firms as it allows them to increase their profits by capturing more consumer surplus. However, it can also be seen as unfair to consumers who are charged higher prices for the same good or service as others.

The other options listed are not correct. Uniform pricing behavior (Option A) is the opposite of price discrimination, where a firm charges the same price to all consumers. Market separability (Option C) is when a firm can identify different markets for its product and charge different prices in each market. Price differentiation (Option D) is a broader term that can refer to any strategy where a firm offers different versions of a product at different prices or charges different prices based on factors such as quantity or timing.

In conclusion, the correct answer to this question is Option B: price discrimination. It is a pricing behavior where a firm charges different prices to different consumers for the same good or service based on factors such as demand and willingness to pay.

Correct Answer: D. joint-stock company

Explanation

joint-stock company is a company whose stock is owned jointly by the shareholders. A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares.

Correct Answer: C. factor input

Explanation

(a)(i)Fixed costs: Are expenses that remain unchanged whatever tho level of output e g money spent on the purchase of land rent payment. purchase of tools and machinery etc while variable costs are expenses that change With the level of output e g expenses on raw material, fuel. electricity maintenance of fired assets, etc

(ii) Real cost is the goods and forgone by employing the resources In their best or

most profitable alternative uses, while money cost is the amount of money spent to produce a particular good or service

(iii) Implicit costs are the costs of the resources supplied by the owners e.g owners of managerial skills, financial resources and owner-occupied buildings. while explicit costs are payments that are made for resources purchased from outside e.g. payment for labour services, fuel electricity. raw materials and transportation.

(b)(i) the firm should stay open in the short run if price is greater than AVC. The firm should shut down In the long run

(ii) Any further production will add to losses In the long run.

Correct Answer: C. over population

Correct Answer: C. It uses scientific methods to explain an observed phenomenon and predict future events

Explanation

Economics is considered a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations.