The ability of a firm to charge different customers different prices is called _____
a. price ceiling
b. price discrimination
c. predatory pricing
d. price flooring
e. base point pricing
b
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Fluctuating exchange rates can alter a multinational firm's profits and losses. The U.S. automobile manufacturer Tesla produces vehicles in the United States and sells them in Norway
(Norway is Tesla's largest overseas market.) If the dollar appreciates against the Norwegian krone, then Tesla's revenues from these operations should ________ and its profits from these operations should ________. A) fall; rise B) rise; fall C) rise; rise D) fall; fall
A resilient market is one in which
A) wide price swings occur when orders decline. B) volume picks up quickly when prices change. C) bid-asked spreads are large. D) volume is large.
"If it were not for the law of diminishing marginal returns, the world's wheat could be grown in a flower pot." Explain
Mr. Retchnik keeps $10,000 in his firm's checking account to meet day-to-day business needs; this illustrates his firm's ________ demand for money.
Fill in the blank(s) with the appropriate word(s).