If a firm is able to practice first-degree price discrimination, the firm will produce ________ than if they charged a single price to all consumers and the firm will earn ________ profit than if they charged a single price to all consumers.
A) more; more B) less; more C) more; less D) less; less
A) more; more
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Refer to the scenario above. What is the net present value of his friend's project?
A) -$459.32 B) -$666.21 C) $534.66 D) $616.21
Traffic congestion represents
a. A positive network externality b. A negative network externality c. A Bandwagon effect d. Neither a positive nor a negative externality snob effect; congestion
The largest component of aggregate expenditure is
a. consumption spending b. government purchases c. net exports d. capital expenditures e. investment spending
Recall the Application about the price competition between satellite and cable TV services to answer the following question(s).Recall the Application. The introduction of satellite TV service is a form of:
A. price gouging. B. profiteering. C. market entry. D. All of these.