Firms try to capture consumer surplus by
A) repeat Nash equilibrium games.
B) finding markets with many competitors.
C) exploiting suppliers.
D) personalized pricing.
D
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Answer the following statement(s) true (T) or false (F)
1. A doubling of all prices has the same effect on the budget line as reducing income by half. 2. If the consumer's income doubles, then his optimal purchases of all goods will double. 3. If the consumer's income and all prices simultaneously triple, then his optimum will not change. 4. The slope of the budget line always equals the consumer's marginal value. 5. The budget line illustrates the consumer's opportunities and the indifference curve illustrates the consumer's preference.
The break-even inflation rate is the
A) excess of the nominal interest rate over the TIPS interest rate. B) inflation rate that makes the nominal interest rate equal the real interest rate. C) negative of the real interest rate. D) inflation rate that is optimal according to the Friedman rule.
___________ is credited with introducing the water frame in American spinning mills
a. Samuel Slater b.Oliver Evans c. Robert Fulton d. Eli Whitney
All weekday ticket prices hover around $___
Fill in the blank(s) with the appropriate word(s).