With perfect price discrimination, each consumer is charged the marginal value of each unit consumed
a. True
b. False
A
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Suppose the price of skateboards were to fall. Other things constant, what is the least likely to occur?
A) More skateboards will be purchased. B) The demand for skateboards will increase. C) More helmets will be purchased. D) The demand for helmets will increase.
The manager of View Your World, a high-end window manufacturer, notices that the cost to distribute their windows in the spot market has risen. As a result of the change, which of the following is true?
A) The manager has more of an incentive to integrate forward. B) The manager has more of an incentive to integrate backward. C) The manager has less of an incentive to integrate backward. D) The manager has less of an incentive to integrate forward
A point along the production possibility frontier is:
A. inefficient. B. impossible. C. efficient. D. utility-maximizing.
In the late 1800s, the Goodyear welt process vastly increased productivity in the ______ industry
a. steel b. boot and shoe c. tire d. cotton textiles