The manager of a firm is attempting to practice third degree price discrimination. She has equated the marginal revenue in each of her markets. By doing this her
A) profits are maximized.
B) costs are minimized given her level of output.
C) revenues are maximized given her level of output.
D) all of the above
C
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Which of the following characteristics is a precondition for economic growth? i. economic freedom ii. free markets iii. active government policy to discourage saving
A) i only B) ii only C) iii only D) Both i and ii E) Both ii and iii
In the above figure, CBL is the cost of breaking the law. If it is illegal to sell, but not illegal to buy, then the price per unit will be
A) $500. B) $400. C) $300. D) $200.
When the short term adjustment of a nation's price level is sluggish, economists will often discuss the nation's
A) price inertia. B) policy assignment. C) trade restrictions. D) central bank independence.
Possible ways for the Fed to increase the money supply include ________ the rediscount rate and ________ reserve requirements
A) lowering, lowering B) lowering, raising C) raising, lowering D) raising, raising