Firms who are attempting to engage in price discrimination will offer customers with a ________ demand a higher price and customers with a(n) ________ demand a lower price.
A. lower; higher
B. normal; inferior
C. less elastic; more elastic
D. more elastic; less elastic
Answer: C
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The deadline for your research paper is tomorrow and you still need a day of work to complete the paper. Unfortunately, you are scheduled to work all day in the cafeteria. You can turn the paper in one day late for a 10 percent penalty or take the day off of work and turn the paper in by the deadline. Losing a day of wages will cost you $90. The marginal cost of turning the paper in on time is:
A. 10 percent deducted from your final score. B. $90 in forgone wages. C. not getting to lounge around all day. D. the 10% deduction in score and $90 in forgone wages.
Deposits that banks keep on hand rather than lend out or invest are known as: a. reserves
b. securities. c. loans. d. bonds.
The amount of money consumers pay producers is
A. the area under the demand curve from the origin to the quantity purchased. B. the area under the demand curve but above the price line from the origin to the quantity purchased. C. the price times the quantity or the rectangle whose height is the price and base is the quantity purchased. D. the area under the supply curve from the origin to the quantity produced.
If ABC Inc and XYZ Inc have returns that are perfectly positively correlated:
A. adding ABC Inc to a portfolio that includes only XYZ Inc will increase risk. B. adding XYZ Inc. to a portfolio that consists of only ABC Inc. will neither increase nor decrease the risk of the portfolio. C. adding XYZ Inc to a portfolio that consists of only ABC Inc will neither increase nor decrease idiosyncratic risk but will lower systematic risk. D. adding XYZ Inc to a portfolio that consists of only ABC Inc will reduce risk.