Jim is haggling with a car dealer on the price of a used car. If the dealer is getting a bonus per sale made, in addition to the commission, the storekeeper's
a. Disagreement value increases
b. Eagerness to agree increases
c. Disagreement value decreases
d. Both B&C
d
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If all consumers are price-takers facing the same prices, then their budget lines will all have the same slope.
Answer the following statement true (T) or false (F)
If the monopoly illustrated in the figure above could engage in perfect price discrimination, the deadweight loss would be
A) $0. B) $22.50. C) $90.00. D) $250.00.
If you use a check to purchase a textbook, the check is
a. the unit of value b. the means of payment c. the means of payment and the unit of value d. outside the monetary system e. worth less than an equivalent amount of currency
The short-run aggregate supply curve is _____ when the economy has substantial excess capacity.
a. steep b. flat c. downward slanting d. upward slanting