Firms are able to price discriminate
A) when all customers are uninformed about quality differences.
B) when no customers are uninformed about quality differences.
C) when some customers are uninformed about quality differences.
D) when there is full information about quality available to all customers.
C
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Refer to the scenario above. If Frank discounts delayed utilities with a weight of 8/10, then which of the following statements is true?
A) He will consume both hotdogs and ice cream. B) He will consume hotdogs but will avoid consuming ice cream. C) He will consume ice cream but will avoid consuming hotdogs. D) He will avoid consuming both hotdogs and ice cream.
The short-run aggregate supply curve is positively sloped. Which of the following is not one of the explanations given in the text?
a. the misperception effect b. Sticky wage theory c. market effect d. All of the above are explanations of the profit effect.
Human capital includes the tools and equipment that human beings work with.
Answer the following statement true (T) or false (F)
Which of the following transactions will decrease the U.S. current account deficit?
A. A U.S. corporation builds a new factory in Seoul, South Korea. B. Dutch tourists visiting Los Angeles. C. U.S. department stores buy shoes from Italy. D. American firms invest in Tokyo real estate.