A seller who succeeds in getting his various customers to pay different prices for the same good
A) is keeping his marginal revenue closer to his demand curve than it would otherwise be.
B) is not using the marginal cost-marginal revenue formula to set prices.
C) must be paying attention to overhead or sunk costs in setting prices.
D) thereby misallocates resources because sales will be less than if a single price is charged.
A
You might also like to view...
When a law freezes residential rents at their existing level for as long as the vacancy rate remains below some target level,
A) owners will be encouraged to supply additional rental units. B) rents will be frozen indefinitely, or at least until the law is changed. C) affordable housing to low-income people will be guaranteed. D) the vacancy rate will rise.
Which firm did the Treasury allow to fail during the financial crisis?
A) J.P. Morgan B) Bear Stearns C) Lehman Brothers D) American International Group (AIG)
Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago. The fact that such items were not put to productive use was caused primarily by a lack of ____
a. financial capital b. entrepreneurship c. an adequate price system d. marginal analysis
Refer to the given data. The monetary multiplier for the commercial banking system is:
Answer the question on the basis of the following consolidated balance sheet of the
commercial banking system. Assume that the reserve requirement is 10 percent. All figures
are in billions and each question should be answered independently of changes specified in
any preceding ones.
A. 5.
B. 10.
C. 12.5.
D. 20.