If a firm is price differentiating, then it is
A) producing a homogeneous product.
B) charging different prices to different consumers based on differences in marginal costs.
C) charging different prices based on quality.
D) charging different prices based on advertising costs.
Answer: B
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Assume you have a credit card balance of $2,000 at 15 percent and the inflation rate is 3 percent. What are the nominal and real interest rates?
A) 15 percent nominal and 12 percent real B) 12 percent nominal and 15 percent real C) 15 percent nominal and 3 percent real D) 3 percent nominal and 12 percent real E) 15 percent nominal and 18 percent real
Identify the two losses of efficiency associated with the imposition of a tariff
What will be an ideal response?
Use a figure below to describe the four zones of economic discomfort
What will be an ideal response?
A dollar reduction in benefits as a result of a dollar income from working is a
A. 50% tax rate. B. 75% tax rate. C. 22.5% tax rate. D. 100% tax rate.