Which of the following is NOT an example of price discrimination?
A. Colleges give some students more financial aid than they give other students
B. College bookstore gives a price discount to faculty
C. Airlines charge more for people that travel during weekends
D. Gasoline stations charge more for gasoline with higher octane and additional additives
Answer: D
You might also like to view...
If, with one unit of labor, the U.S. can produce 20 units of computer software and 10 units of computer hardware, and China can produce 5 units of software and 5 units of hardware, then
A. the United States has a comparative and absolute advantage in both goods. B. China has a comparative advantage in hardware and the U.S. has a comparative advantage in software. C. the United States has a comparative advantage in both goods. D. China has a comparative and absolute advantage in both goods.
A single-price monopoly causes a deadweight loss because it ________
A) restricts its output so it is less than the efficient quantity B) increases the amount produced beyond the efficient quantity C) maximizes marginal revenue rather than minimizes marginal cost D) increases marginal cost
Refer to the graph shown. Initially, the market is in equilibrium with price equal to $12 and quantity equal to 140. As a result of a per-unit tax imposed by the government, the supply curve shifts from S0 to S1. The effect of the tax is to:
A. reduce consumer surplus by $240. B. give government tax revenues of $100. C. reduce consumer surplus by $200. D. give government tax revenues of $280.
The term economic growth can be used in reference to absolute real economic growth or to per- capita real economic growth
Indicate whether the statement is true or false