Based on the graphs showing price discrimination in movie ticket prices, if the theatre charges $11 per ticket at the evening show, it will ______.
a. maximize profits
b. sell too many tickets
c. sell too few tickets
d. sell no tickets
a. maximize profits
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To shift the RS curve rightward as illustrated, the Fed has ________ government securities in the open market. The Fed will undertake this type of policy if it is concerned about ________
A) sold; recession B) sold; inflation C) bought; recession D) bought; inflation E) None of the above answers is correct.
What is price discrimination? Can a perfectly competitive firm price discriminate? Explain you answer
What will be an ideal response?
When the dollar rises relative to other currencies,
A) foreign goods are more expensive in terms of dollars. B) foreign currency is more expensive in terms of dollars. C) U.S. goods become more expensive to foreigners. D) foreign currency is more expensive in the United States, but foreign goods are cheaper.
Economic profit equals accounting profit minus implicit costs
a. True b. False Indicate whether the statement is true or false