When a firm uses a form of quantity discrimination that charges large purchasers less it is the high quantity purchasers that generate most profit
Indicate whether the statement is true or false
False. Most profit is generated by the fact that the firm is able to charge a high price to purchasers of low quantities and cut in their consumer surplus.
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Two variables are unrelated if their graph is i. a vertical line. ii. a 45 degree line. iii. a horizontal line
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
An individual labor-supply curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. the decisions of all workers around how many hours to work at each alternative wage. C. a firm's decisions around how many hours to hire at each alternative wage. D. the decisions of all firms around how many hours to work at each alternative wage.
Demand deposits $200 million Time deposits: Original maturity (less than 18 months): $100 million Original maturity (18 months or more): $400 million Use the information above to find the bank's required reserves.
What will be an ideal response?
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
According to the graph shown, the change in consumer surplus brought about by the imposition of a tariff to an economy previously open to free trade is:
A. a loss of DE. B. a gain of DE. C. an increase of HIJKL. D. a loss of HIJKL.