In order to effectively price discriminate, one requirement is that a seller must be able to:

A. identify customers with different reservation prices.
B. reduce costs when producing the discounted item.
C. resell the product.
D. avoid detection because price discrimination is illegal.


Answer: A

Economics

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The marginal revenue product can be written as:

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An economy is said to have a comparative advantage in the production of a good if it can:

A) produce that good with more resources than another economy. B) produce that good with a higher opportunity cost than another economy. C) produce that good outside its production possibilities curve. D) produce the good at a lower opportunity cost than another economy.

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A decrease in business taxes will most likely result in a(n):

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