If tourists are charged a much higher price than the natives of a country for exactly the same item, what kind of pricing is involved?
A. Competitive pricing.
B. MC = MR pricing.
C. Monopoly pricing.
D. Price discrimination.
Answer: D
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Indicate whether the statement is true or false
Trades between risk lovers and risk takers
a. Move assets to lower-value use b. Move assets to higher value use c. Create wealth d. Both B&C
Which of the following firms is likely to have the greatest market power?
a. an electric company b. a farmer c. a grocery store d. a local electronics retailer
Suppose your company is in equilibrium, with its capital stock at its desired level. A permanent decline in the expected real interest rate now has what effect on your desired capital stock?
A. Raises it, because the future marginal productivity of capital is higher B. Raises it, because the user cost of capital is now lower C. Lowers it, because the user cost of capital is now higher D. Lowers it, because the future marginal productivity of capital is lower