Which of the following would not be considered price discrimination?
a. charging higher rates on long distance calls during normal business hours
b. giving lower air fares to those who buy tickets a month before departure
c. charging lower prices for senior citizens at museums
d. getting separate prices for residential and commercial users of natural gas
e. charging more for BMWs than for Chevrolets
E
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All economic questions are about
A) how to make money. B) what to produce. C) how to cope with scarcity. D) how to satisfy all our wants.
When government outlays exceed tax revenues, does the government have a budget deficit or surplus?
What will be an ideal response?
Tom and Di grow tomatoes and turnips. Tom has a comparative advantage in growing tomatoes if ________
A) Tom can grow more tomatoes than Di can B) his opportunity cost of tomatoes is less than Di's opportunity cost of tomatoes C) his opportunity cost of tomatoes is less than his opportunity cost of turnips D) his marginal benefit from tomatoes is greater than Di's
Refer to the given table. Relative to column A, column B represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$20100110$308595$407080$505565$604050
A. a decrease in demand. B. an increase in supply. C. a decrease in supply. D. an increase in demand.