Price discrimination is the business practice of
a. bundling related products to increase total sales.
b. selling the same good at different prices to different customers.
c. pricing above marginal cost.
d. hiring marketing experts to increase consumers' brand loyalty.
b
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The amount of a product that people are willing and able to purchase at a specific price is referred to as the:
a. demand. b. quantity demanded. c. law of demand. d. consumption function. e. purchasing power.
Union membership will be more attractive from the worker's viewpoint if
a. the demand for the union labor is highly inelastic. b. the supply of union labor is highly elastic. c. only a few of the firms in the industry are unionized. d. the membership dues charged by the union are extremely high.
Which of the following is not a benefit of the unitary form (Uform) of an organization?
A. Opportunity costs of the time of senior management B. Improved coordination among functional specialists C. Higher level of functional expertise D. Well-defined promotion path
If the dotted horizontal line represents the effect of a usury law then there is a ____ of loanable funds of _____ billion dollars.
A. surplus; 275
B. shortage; 275
C. surplus; 400
D. shortage; 400