Donna owns the only dog grooming salon on Lonely Island. If Donna can price discriminate between dog owners who are seniors and those who are not, her economic profit will be ________ than if she does not price discriminate and the number of dog
groomings will be ________ than if she does not price discriminate. A) greater; more
B) greater; less
C) less; more
D) less; less
A
You might also like to view...
What triggers exit in a competitive market? Describe the process that ends further exit
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Government intervention in the U.S. economy includes legislation such as antitrust laws, labor laws, and safety regulations. 2. Full employment is considered to have been achieved only when everybody in the economy has a job. 3. An economic growth rate of 3 percent would be considered unhealthy for the U.S. economy. 4. A stable unemployment rate requires that the U.S. economy grow each year in order to absorb new workers who enter the labor force.
Answer the following question based on the information given below: Deposits at the central bank = 400 U.S. Government Securities = 700 Checking Deposit = 1,800 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 380 Borrowing from the central bank = 250 Cash in the Vault = 150 If the reserve requirement is 10%, the level of excess reserves equals:
a. $495 b. $370 c. $300 d. $550 e. Cannot be determined with this information.
Because a change in consumer spending is positively related to a change in income, the slope of the aggregate demand function is:
a. 0. b. 1. c. equal to the MPC. d. equal to the marginal propensity to save.