Price discrimination refers to:
a. charging different prices to different groups on the basis of production cost differences.
b. charging different prices to different groups without a basis for doing so because of differences in production costs.
c. the ability of a firm to charge a price in excess of marginal cost.
d. consumer bargain hunting.
b
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Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 25 percent, an initial deposit of $3,000 will lead to a total increase in deposits of
A) $750. B) $2,250. C) $12,000. D) $36,000.
Jane spends her monthly dining-out budget of $300.00 on either steak or lobster dinners. Using the above figure, what is the price of a lobster dinner?
A) $10.00 B) $15.00 C) $20.00 D) $30.00
The ____ participate in the labor force to a greater extent than do the ____
a. very young; middle-aged and very old b. middle-aged; very young and very old c. very old; very young and middle-aged d. very young and very old; middle-aged
Inflation was the nation's number-one economic worry during
A. the 1920s. B. the late 1950s. C. the early 1960s. D. the 1970s.