charging higher prices for one category of patients in order to provide free or subsidized care to another group is called:
a. categorical costing.
b. price discrimination.
c. reprehensible and unethical.
d. creative accounting.
e. cost-shifting
e. cost-shifting
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For a perfectly competitive firm, marginal revenue is
A) less than the price. B) greater than the price. C) equal to the price. D) equal to the change in profit from selling one more unit. E) undefined because the firm's demand curve is horizontal.
Which of the following would be an advantage of the partnership form of business?
a. limited liability b. unlimited liability c. ability to raise money by issuing stock d. ability to bring talents and money together e. all of the profits earned flow to one person
Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the cloth to make prom dresses that she sells to Donita for $700. Donita sells the dresses for $1200 to kids attending the prom. The total contribution to GDP of this series of transactions is:
a) $1200 b) $500 c) $2300 d) $1100
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.