A perfect price discriminator
A) charges each buyer her reservation price.
B) charges different prices to each customer based upon different costs of delivery.
C) generates a deadweight loss to society.
D) charges lower prices to customers who buy greater quantities.
A
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The supply of money must be great enough to meet ordinary transaction needs, ______
Fill in the blank(s) with the appropriate word(s).
Which of the following is a good proxy for the measure of economic prosperity when GDP per capita data is unavailable?
A) Measurements of producer surplus B) Measurements of consumer surplus C) Measurements of balance of payments D) Measurements of urbanization
In the figure above, when 40 units are produced the average fixed cost is
A) $4. B) $8. C) $12. D) $20.
The best definition of GDP is
A. A physical measure of the capital stock of the economy. B. A dollar measure of final output produced during a given time period within a nation's borders. C. A measure of the per capita economic growth rate of the economy. D. The sum of the physical amounts of goods and services in the economy.