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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
58 Chapter 3
and its total revenue
TR = OQ × OP
a
= OQRP
a
Since OQRP
a
> OQST, the monopoly rm not only covers its cost but also makes pure prot. Its total
prot (∏) can be expressed as
= OQRP
a
OQST = P
a
RST
is kind of situation arises mostly in public utility services, like railways, roadways, post and tele-
graph services, etc. in which high-paying sections of the market subsidize the low-paying sections. In
other words, rich subsidize the consumption by poor. If low-paying section is not subsidized, no produc-
tion would be possible.
Making Essential Services Available to Low-income Groups Discriminatory pricing
can be adopted with justication ...
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Publisher Resources

ISBN: 9788131797655