Barbers give a price discount to kids. According to price discrimination, if barbers use price discrimination, this implies demand for hair cuts by kids is more elastic
a. True
b. False
a
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The user cost of an exhaustible resource is
A) the same as its price. B) the same as its production cost. C) the opportunity cost of using the resource today rather than saving it for the future. D) the amount of the resource that is extracted today. E) not related to the amount of the resource that exists.
Net exports is calculated by:
A. adding total exports and total imports together. B. subtracting total exports from total imports. C. subtracting total imports from total exports. D. None of these is correct.
Under the Clinton administration, attempts were made to relax the antitrust enforcement efforts of the Reagan administration
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying table. The law of diminishing marginal returns becomes evident after ________ units of output are produced. Output Per DayNumber of Employees Per Day00331662994132716511
A. 99 B. 33 C. 132 D. 66