Which statement is true?
A. Because of their large populations, India and China have relatively high per capita GDPs.
B. The only way to industrialize is to build up capital in the form of new plant and equipment.
C. The NICs have the highest per capita GDPs in the world.
D. We find GDP per capita by dividing GDP into population.
B. The only way to industrialize is to build up capital in the form of new plant and equipment.
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At the current price of a good Al's consumer surplus equals 15 and Ben's consumer surplus equals 15. By using two-part pricing a monopolist could increase his profit by
A) 8. B) 16. C) 15. D) 30.
Types of price discrimination practiced by post-bellum railroads included all of the following except:
a. varied rates based on passengers' gender. b. varied rates based on town of origin. c. higher rates per mile for short-hauls than for long-hauls.d varied rates based on passengers' occupation .
Lower interest rates
A. Reflect a lower opportunity cost of money. B. Reflect a higher opportunity cost of money. C. Raise the future value of current dollars. D. Lower the present value of future payments.
The output effect describes the situation when a monopolist sells more output and, all else equal, total revenue
a. increases. b. decreases. c. is unchanged. d. is maximized.