When a firm charges more per ounce for a small bottle of ketchup than for a larger one, it is engaging in:
A. price discrimination based on observable customer characteristics.
B. perfect price discrimination.
C. quantity-dependent pricing.
D. two-part tariff pricing.
C. quantity-dependent pricing.
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In order to maximize profits, a firm should decrease output whenever total cost exceeds total revenue
a. True b. False
________ refers to any one of several different arrangements that business parties negotiate so that they can trade goods and services with limited or no use of currency.
A) Factoring B) Offset C) Countertrade D) Barter
The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours
A) increases U.S. GDP and increases the well-being of a typical working person in the U.S. B) increases U.S. GDP and decreases the well-being of a typical working person in the U.S. C) decreases U.S. GDP and decreases the well-being of a typical working person in the U.S. D) decreases U.S. GDP and increases the well-being of a typical working person in the U.S.
According to the Gordon-Growth model, which of the following can cause the value of a stock to decline?
A) higher expected growth rate of dividends B) increase in the current dividend C) increased systemic risk D) decreased required return on equity