At the current price of a good, Al's consumer surplus equals 8, 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.
B
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On the diagram above, show the quantity of consumption per worker in equilibrium
If the actual capital per worker were greater than k*, would consumption be higher or lower than it is in equilibrium? Describe what would happen in an economy with such a high level of capital per worker.
If purchasing-power parity holds, when a country's central bank decreases the money supply, its
a. price level rises and its currency appreciates relative to other currencies in the world. b. price level falls and its currency appreciates relative to other currencies in the world. c. price level rises and its currency depreciates relative to other currencies in the world. d. price level falls and its currency depreciates relative to other currencies in the world.
Public sector and private sector collaboration is one way to support R&D.
Answer the following statement true (T) or false (F)
Which of the following was not a factor in Japan’s post-World War II economic success?
A. A high rate of investment B. A well-educated workforce C. A high rate of natural resource discovery D. A high rate of technological adoption