Changes in the GDP deflator reflect only changes in the prices of goods and services
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 4-1. Kendra's marginal benefit from consuming the third ice cream cone is
A) $13.00 B) $2.50 C) $1.50 D) $0.50
Dell Computers allows potential consumers to customize personal computers to their desires. Dell's strategy is successful because offering bundles that more exactly meet a consumer's preference allows Dell to extract more consumer surplus
Indicate whether the statement is true or false
Price discrimination strategies that cause considerable consumer resentment or a negative reaction from competitors can reduce or eliminate the effectiveness of such strategies
Indicate whether the statement is true or false
A potential drawback of using the standard deviation to measure risk is that
A) positive and negative deviations from the mean cancel each other out. B) both positive and negative deviations are included to compute deviations around the mean. C) the probability distribution of returns is symmetrical. D) None of the above.