A monopoly will NOT be able to perfectly price discriminate if
A) each consumer does not reveal her reservation price.
B) demand is very elastic.
C) the firm's marginal cost curve is upward sloping.
D) All of the above.
A
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Which of the following statements is (are) correct? According to United States data,
a. the rate of growth in output and labor productivity has slowed over the past two decades. b. growth in the labor force has steadily increased since 1960. c. the growth rates of capital has slowly increased since the 1960s. d. the rate of growth in output and labor productivity was slower during the 1990s. e. none of the above.
When enterprises get more funds from government subsidies provided by central planners and less from consumers, they will have incentive to
What will be an ideal response?
An 36 percent increase in the price of small cars results in a 20 percent increase in the quantity supplied. The supply elasticity in this range equals ________.
A. 7/10 B. 9/5 C. 4/10 D. 5/9
The "standard of deferred value" function of money means it is:
a. Unit in terms of which everything is valued and the basis for establishing relative prices between goods and services. b. Asset people can use to accumulate wealth. c. Barter value of a product for which a nation has a comparative advantage. d. Asset individuals get for goods and services and then use later to purchase other goods and services. e. The unit in terms of which people write contracts.