For a firm to maximize total profits through price discrimination, it should
a. Charge a high price to consumers with an inelastic demand and low price to consumers with an elastic demand
b. Charge a low price to consumers with an inelastic demand and high price to consumers with an elastic demand
c. Charge the same price to both sets of consumers
d. Charge nothing to both set of consumers-throw a party
a
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Regulatory asymmetries can explain why the following places have become main Eurocurrency centers
A) the United States. B) Germany. C) Zurich, Somalia, and Mozambique. D) London, Luxembourg, and The United States. E) London, Luxembourg, and Hong Kong.
A very high fixed cost and a relatively low marginal cost is associated with
A) every type of good or product. B) an information product. C) a persuasive good. D) an experience good.
Which of the following is a possible cause of an increase in the demand for health care?
a. A young population b. A fall in the purchasing power of households c. An aging population d. A fall in the total population of a country e. Technological advancement
If the money multiplier is 2.5, the reserve ratio is:
A. 0.5. B. 0.4. C. 0.3. D. 0.6.