An example of price discrimination is the price charged for:
a. troll dolls.
b. college admission.
c. textbooks.
d. diamonds.
b
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The higher the dollar's exchange rate, the ________ the expected profit from holding dollars and so ________ dollars are supplied
A) larger; more B) larger; fewer C) smaller; more D) smaller; fewer
The shape of a firm's long-run average cost curve is determined by
a. the degree to which each input encounters diminishing marginal productivity. b. the underlying nature of the firm's production function when all inputs are able to be varied. c. how much the firm decides to produce. d. the way in which the firm's expansion path reacts to changes in the rental rate on capital.
The Fed loses some control over the interest rate once it targets the money supply,
a. but the interest rate doesn't move in an inappropriate direction with respect to the Fed's monetary policy b. and the interest rate often moves in the opposite of the targeted direction c. but it can still dictate what the interest rate will be d. and loses as well control over open market operations which are linked to the interest rate e. but still maintains indirect control through open market operation
The percentage share of income of the bottom quintile on curve X is
A. 0.
B. 5.
C. 10.
D. 15.