Ed Sike was able to increase his net revenue by charging different prices to different customers because
A) his cost of serving different customers varied.
B) his marginal costs declined as his sales increased.
C) his marginal costs were rising.
D) he could distinguish faculty from students at low cost.
D
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What is the fastest growing component of consumption in the United States?
A) new home construction B) services C) nondurable goods D) durable goods
If the inflation that results from targeting unemployment becomes unacceptably high, low inflation can be restored
Lower inflation can be obtained by ________ the growth rate of aggregate demand, by ________ money growth, and by________ interest rates. A) lowering; accelerating; raising B) raising; slowing; raising C) lowering; slowing; raising D) lowering; accelerating; lowering E) lowering; slowing; lowering
Refer to Figure 6-8. Identify the two goods which are complements
A) Good X and Good Y B) Good X and Good Z C) Good Y and Good Z D) It is not possible to distinguish any relationship among the goods.
Problems are most likely to arise when:
A. complete information is impossible to obtain. B. people have good enough information to make acceptable choices. C. one person knows more than another. D. both parties lack the same information.