The riskier the bond, the ________ the discount rate and the ________ the price of the bond.
A) lower; lower
B) lower; higher
C) higher; lower
D) higher; higher
C) higher; lower
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Marginal benefit is the benefit that a person receives from consuming
A) a good or service until the person has grown tired of it. B) only goods and services that are free. C) one more unit of a good or service. D) all of the possible units of a good or service that can be consumed. E) one more unit of a good and is equal to the cost of producing the unit of the good.
A monopoly will look for opportunities to price discriminate because the practice
A. leads to greater profits. B. allows it to charge higher prices. C. leads to selling more units. D. is desired by customers.
According to the above table, if these two countries trade
A. the United States should specialize in tablets and Mexico should specialize in TVs. B. we cannot tell which country should specialize in which good without knowing the amount of labor utilized in each country. C. the United States should specialize in both tablets and TVs. D. Mexico should specialize in tablets and the United States in TVs.
While price discrimination is possible between two markets, it is not possible in more than two
Indicate whether the statement is true or false