Because handling charges are relatively fixed, the interest rate on a loan generally
A) increases with the size of the loan.
B) decreases with the size of the loan.
C) is constant regardless of the size of the loan.
D) is unrelated to the size of the loan.
B
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Purchasing blueberries at a store that are $2.50 per carton or 2/$5 is an example of what type of price discrimination?
A. First-degree price discrimination B. Second-degree price discrimination C. Third-degree price discrimination D. It is not price discrimination.
In making accurate comparisons of GDP across countries, it is important to take differences in ________ into account
A) population size B) family size C) the average age of the population D) all of the above
For a perfectly competitive firm,
a. marginal revenue is the same as the market price b. marginal revenue equals total revenue c. to earn an economic profit, it must be larger than its competitors d. price always exceeds average total cost e. marginal cost is always equal to average cost
Large sport utility vehicles (SUVs) add significantly to air pollution because they do not have to meet passenger auto emission standards. The purchase of an SUV
a. adds less to GDP since the pollution costs are subtracted from GDP. b. adds to nominal but not real GDP because of the pollution costs. c. is a net loss to GDP because the pollution costs are so large. d. increases GDP.