When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customer's gender
a. true
b. false
Ans: a. true
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Refer to the scenario above. What is likely to be the impact on Firm B's sales if Firm A decides to sponsor the event while Firm B decides not to sponsor the event?
A) A 0% increase in sales B) A 7% increase in sales C) A 5% increase in sales D) A 10% increase in sales
The "efficiency wage" is the wage at which
A) employees have no incentive to shirk. B) employees have an incentive to do the optimal (positive) amount of shirking. C) the cost of looking for work is equal to the value of the leisure time for the unemployed individual. D) there is no unemployment. E) there is only frictional unemployment.
The growth accounting equation is
A. Y = AF(K, N) B. ?Y/Y = ?A/A + aK?K/K + aN?N/N C. ?Y/Y = ?A/A - aK?K/K - aN?N/N D. Y = AaKK aNN
The quantities of labor employers are willing and able to hire at alternative wage rates is the:
A. Government employment minimum. B. Supply of labor. C. Marginal physical product of labor. D. Demand for labor.