All of the following are examples of price discrimination EXCEPT
A) buy-one-get-one-free offers.
B) "early bird specials" at a restaurant.
C) lower ticket prices for matinee performances.
D) "buy now, pay later" payment options.
D
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In perfect competition, the marginal revenue of an individual firm
A) is zero. B) is positive but less than the price of the product. C) equals the price of the product. D) exceeds the price of the product.
In the figure above, when the quantity of milk produced is 300 gallons per day, what is the deadweight loss?
A) $62.50 B) $125 C) $200 D) $937.50
Income assistance programs
a. require that the recipient work and contribute to the program b. are designed to replace lost income c. include unemployment compensation and Medicare d. are funded exclusively by the federal government e. include both cash and in-kind transfer programs
A straight line or curve can shift when a factor not included on the vertical axis or horizontal axis changes
a. True b. False Indicate whether the statement is true or false