A small, one-unit change in value is called a marginal change.
Answer the following statement true (T) or false (F)
True
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What are the conditions for price discrimination?
The typical firm in perfect competition is
A. a fast food restaurant chain. B. an electrical power company. C. a farm. D. an airline.
When spending by the federal government exceeds net taxes, _____
a. the price level tends to fall b. the money supply must fall c. the aggregate demand curve shifts rightward d. aggregate supply moves rightward e. there is a federal budget surplus
Joe's search costs are $5 per search. He wants to buy a video player for his wife for Christmas, and the lowest price he's found so far is $200. Joe thinks 50 percent of the stores charge $200 for video players and 50 percent charge $190. Based on this information:
A. Joe is indifferent between searching again and stopping. B. Joe should stop searching and purchase the video player at $200. C. Joe should search again. D. There is insufficient information to make a determination.