If a firm is price differentiating, then it is
A) producing a homogeneous product.
B) charging different prices to different consumers based on differences in marginal costs.
C) charging different prices based on quality.
D) charging different prices based on advertising costs.
B
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Assume an equilibrium price of $7 and equilibrium quantity of 8 units at demand D and supply S2 in the graph shown. Total surplus is:
A. $32.
B. $12.
C. $56.
D. $16.
The Board of Governors of the Federal Reserve consists of ____________ members appointed by the President of the United States and confirmed by the Senate for 14-year terms.
a. nine b. four c. seven d. five
Policies focused on putting people to work by reducing the regulatory requirements associated with hiring them would be considered
A. supply-side policies. B. monetary policies. C. demand-side and supply-side policies. D. demand-side policies.
The Children's Health Insurance Program was created in the
A. 1960s. B. 1980s. C. 1990s. D. 1940s.