Can a perfectly competitive firm successfully price discriminate? Hint: What does the demand curve look like for a perfectly competitive firm?
What will be an ideal response?
No, the demand curve for a perfectly competitive firm is perfectly elastic, and therefore no units are valued more or less than the others.
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In its basic form, an IRA simply does what to taxes?
A) reduces the tax payments when you save B) eliminates them C) defers their payment to a later time D) passes the taxes on to the rich
Which of the following is most likely to cause the dollar to depreciate?
What will be an ideal response?
Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing? Briefly explain
What will be an ideal response?
Calculate the expected real interest rate if the nominal interest rate is 8%, the expected inflation rate is 4%, and the inflation rate is 5%.
What will be an ideal response?