When firms charge different prices to different consumers for the same good or service, it is referred to as ________
A) price bias
B) shadow pricing
C) predatory pricing
D) price discrimination
D
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Why is the total profit curve shaped like a hill?
What will be an ideal response?
Which of the following is not an example of signaling?
a. An employer calls the references of a potential employee before hiring him or her. b. A boyfriend gives his girlfriend a necklace with her favorite gemstone for Valentine's Day. c. A home flooring company advertises its high Better Business Bureau rating during its television commercials. d. A company advertises that it makes charitable contributions.
The opportunity cost of capital investment is the:
A. real interest rate. B. value of the marginal product of capital. C. price of new capital goods. D. value of the marginal product of labor.
Which of the following does NOT cause a rightward shift in the supply curve?
A) a reduction in resource costs B) an increase in technology C) a reduction in the price of the good D) a reduction in the expected future price of the good