In order to encourage energy conservation, many pubic utility companies charge consumers a higher rate on units of electricity consumed in excess of some threshold amount.In contrast, a common marketing ploy by other firms is to offer "quantity discounts" to consumers who purchase large quantities of a good.To illustrate how these pricing schemes alter the typical consumer's opportunity set, suppose income = $100,

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The Answer of In order to encourage energy conservation, many pubic utility companies charge consumers a higher rate on units of electricity consumed in excess of some threshold amount.In contrast, a common marketing ploy by other firms is to offer "quantity discounts" to consumers who purchase large quantities of a good.To illustrate how these pricing schemes alter the typical consumer's opportunity set, suppose income = $100,

In Order to Encourage Energy Conservation, Many Pubic Utility Companies