Compared to setting a single price, if a firm can price discriminate it
A) makes a larger economic profit.
B) makes a lower economic profit.
C) makes zero economic profit.
D) has no change in its economic profit from when it set a single price.
E) might increase, decrease, or not change its economic profit depending on whether as a single-price monopoly its marginal revenue curve was above, below, or the same as its demand curve.
A
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Along the per worker production function, as the capital-labor ratio ________, increases in output per worker become progressively ________
A) increases; larger B) increases; smaller C) decreases; larger D) decreases; smaller
The quantity theory of money and prices
A) is derived from the equation of exchange assuming that prices remain constant. B) shows how a change in the price level leads to a change in the money supply. C) shows how the demand for money is inversely related to the price level. D) is the hypothesis that changes in the money supply leads to proportional changes in the price level.
When is a particular bank in a position to make new loans? a. When required reserves equal actual reserves
b. When required reserves exceed actual reserves. c. When required reserves are less than actual reserves. d. all of the above
The overuse of a common resource is also referred to as the free rider problem
a. True b. False Indicate whether the statement is true or false