Which of the following is not one of the obstacles mentioned in the text to a successful system of price discrimination? Inability to
A) evade legal restrictions on discrimination.
B) identify differences in demand among customers.
C) prevent customers from reselling the product.
D) prevent resentment from arising among the people who pay more.
A
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The long-run supply curve of a firm is:
A) its marginal cost curve. B) its average total cost curve. C) the portion of its marginal cost curve that lies above its average total cost curve. D) the portion of its marginal cost curve that lies below its average total cost curve.
Economists usually maintain that policy designed to increase aggregate demand cannot have any long-run real effects. What lies behind this argument?
What will be an ideal response?
During expansions,
a. sales fall, but profits rise. b. sales and profits rise. c. sales and profits fall. d. sales rise, but profits fall.
YearCPI200594200699200710020081042009117Using the information in the table shown, the rate of inflation from 2008 to 2009 was:
A. 12.5 %. B. 13 %. C. 17 %. D. 11.1 %.