Price discrimination by a firm is
A. illegal under all circumstances.
B. legal if the firm can show that the difference in the prices charged customers is justified by a difference in the costs of serving them.
C. legal if the firm can show that the demand for its good is relatively elastic.
D. legal under all circumstances.
Answer: B
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All of the following are differences between hedge funds and mutual funds EXCEPT
A) hedge funds are largely unregulated. B) hedge funds consist of a relatively number of wealthy investors. C) hedge funds make risky investments that mutual funds cannot make. D) hedge funds use money collected from savers to make investments.
At the point where total utility is at its peak, marginal utility is
a. zero b. positive c. negative d. positive, but declining e. positive, but increasing
Over the last several years, the earnings gap between workers with college degrees and workers with high school degrees has
a. remained roughly constant for both men and women. b. widened for both men and women. c. widened for men and narrowed for women. d. narrowed for men and widened for women.
Developing countries have a high living standard because of high human and physical capital per worker
Indicate whether the statement is true or false