Imperfect price discrimination occurs when a monopolist:
A. price discriminates but some buyers pay less than their reservation price.
B. charges all buyers exactly their reservation price.
C. price discriminates but some buyers pay more than their reservation price.
D. charges a single price to all buyers.
Answer: A
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Answer the following statements true (T) or false (F)
1. Although the number of jobs requiring computer knowledge has increased, these jobs are found primarily in low-wage industries. 2. Union membership in the United States has fallen to less than 15 percent of the workforce. 3. Household wealth is defined as income minus liabilities. 4. Because their earnings are highest, married couples between the ages of 35–54 hold the largest share of wealth in the United States. 5. Non family households earn less than 50 percent of the income earned by family households.
Which piece of legislation forbids most forms of price discrimination?
a. Sherman Act b. Robinson-Patman Act c. Cellar-Kefauver Act d. Clayton Act
The current deficit is
A. the deficit minus current expenditures. B. the deficit minus depreciation. C. the deficit plus net interest payments. D. the deficit minus government investment.
The relationship between NPV and IRR is such that :
a. both approaches always provide the same ranking of alternatives b. the IRR of a project is equal to the firm's cost of capital when the NPV of a project is $0 c. if the NPV of a project is negative, then the IRR must be greater than the cost of capital d. all of the above e. none of the above