For price discrimination to exist, all of the following are necessary EXCEPT
A. a downward sloping demand curve.
B. an upward sloping marginal cost curve.
C. an identifiable group of buyers with different elasticities of demand.
D. there can be no resale of the product.
Answer: B
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When actual output is less than potential output, there is ________ output gap and the rate of inflation will tend to ________.
A. an expansionary; increase B. a recessionary; increase C. an expansionary; decrease D. a recessionary; decrease
A corporation issues a three year bond with a coupon of $50 and a face value of $1000. Immediately after being issued, market interest rates decline to 4%. What is the price of the bond? Report your answer to the nearest dollar
What will be an ideal response?
Actual investment equals
A. Planned investment minus undesired investment. B. Desired investment minus undesired investment. C. Desired investment plus planned investment. D. Desired investment plus undesired investment.
Social costs of a good are equal to
A. external costs minus private costs. B. private costs plus external costs. C. external costs divided by the private costs. D. private costs minus external costs.