By offering lower prices to customers who buy a large quantity, a monopoly is price discriminating
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is true?
A) The GDP per capita has almost been constant since the beginning of the 20th century in most of the western world. B) The average GDP per capita of a nation at a particular point of time is not the same as the income of all individuals in that nation. C) GDP per capita decreases with a decrease in population and increases with an increase in population, GDP remaining unchanged. D) GDP per capita is a useful to tool to study the disparities in standards of living in a country.
Refer to Table 21.2. What is the median income in Mysteria?
A) $5,000 B) $9,000 C) $10,000 D) $17,000
From 1950 till 2009 the four-quarter growth rate of real GDP has been as high as ________ percent and as low as ________ percent
A) 8.1; -2.8 B) 12.6; -3.9 C) 3.2; 2.5 D) 5; -10
An expensive bottle of balsamic vinegar is an example of an ________ good, and an order of lasagna from Bella's Restaurant is an example of a(n) ________ good.
A) experience; experience B) experience; inspection C) inspection; inspection D) experience; credence