(Answered) Answer whether the statements are True or False statements.(10 points) Provide 1-2 sentences…

Answer whether the statements are True or False statements.(10 points) Provide 1-2 sentences explaining your choice.
i. Perfect price discrimination is the ability to charge different buyers theirentire willingness to pay for goods with identical production costs.
Answer:
True. Perfect (first-degree) price discrimination involves charging each buyer their exact willingness to pay, capturing all consumer surplus; identical production costs do not prevent this pricing practice.
ii. Price discrimination is a method of manufacturing to cut costs
Answer:
False. Price discrimination is a pricing strategy used to extract more consumer surplus, not a manufacturing method aimed at reducing production costs.
iii. Negotiating for a better price on a used car is an example of a third degreeprice discrimination.
Answer:
False. Individual negotiation is personalized bargaining (closer to individualized or first-degree pricing), whereas third-degree price discrimination segments markets by identifiable groups with different elasticities.
iv. Perfect price discriminating monopolist produces the same quantity as aperfectly competitive firm with the same costs.
Answer:
True. A perfect price-discriminating (first-degree) monopolist sells units up to the point where price equals marginal cost for each unit, resulting in the socially efficient output equal to the competitive quantity.
v. Advertising and marketing are the same thing.
Answer:
False. Marketing is a broad set of activities including product development, pricing, distribution, and promotion, while advertising is just one component of promotion within marketing.
vi. Increase in transportation cost will increase the retail price and lower thefarm price.
Answer:
True. Higher transportation costs raise the marketing margin and typically increase retail prices while reducing the net price received by producers (farm price) after transport deductions.
vii. Marketing margin is revenue minus expenditures.
Answer:
False. Marketing margin usually refers to the difference between the consumer (retail) price and the producer (farm) price, not a simple accounting of revenue minus expenditures.
viii. Transportation cost is a derived demand shifter.
Answer:
False. Derived demand refers to demand for an input driven by demand for final goods; transportation cost itself is a cost factor and more properly affects margins rather than being classified as a derived demand shifter.
ix. Derived demand is the demand that derived from income, tastes, etc. ofsellers.
Answer:
False. Derived demand is demand for an input that arises from demand for the final product by consumers, not demand driven by sellers’ income or tastes.
3x. Marketing agreements and orders are initiated by industry to help providestable markets
Answer:
True. Marketing agreements and orders (especially in agriculture) are industry-initiated mechanisms intended to stabilize markets, coordinate supply, and support prices.