If the local phone company, a monopolist, perfectly price-discriminated, it would have lower total surplus than a monopolist that doesn't use price discrimination.
a. true
b. false
b. false
You might also like to view...
It is often observed that, over the same period of time and for the same good, marginal utility declines rapidly for some consumers and very little for others. This observation illustrates:
a. that economic theory is of little value in explaining consumer behavior. b. that consumers are not identical. c. tastes and preferences should not be included in any discussion of consumer choice. d. tastes and preferences among consumers are quite similar. e. that if consumers weren't identical, economic theory would not be able to provide insight into consumer behavior.
Assume that the central bank lowers the discount to increase the nation's monetary base. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns
to complete equilibrium. a. The quantity of real loanable funds per time period rises and nominal value of the domestic currency remains the same. b. The quantity of real loanable funds per time period falls and nominal value of the domestic currency remains the same. c. The quantity of real loanable funds per time period and nominal value of the domestic currency remain the same. d. The quantity of real loanable funds per time period rises and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
A nation's balance of payments is the accounting record of all economic transactions between its residents and residents of the rest of the world
Indicate whether the statement is true or false
The bond supply curve slopes upward because:
A. for companies seeking financing, the higher the price of bonds the more attractive it is to sell bonds. B. as bond prices rise yields decrease. C. as bond prices rise people holding bonds are more tempted to hold them. D. as bond prices rise yields increase.