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Which of the following is not an example of price discrimination?
A. A ticket to the zoo costs less for a child than an adult.
B. Regular gasoline costs less than premium gasoline.
C. Libraries pay higher prices for academic journals than individual subscribers do.
D. Providers of professional services (lawyers, consultants, etc.) set different rates for different clients.
Suppose two hot dog stands, Al’s & Bob’s, position themselves at different ends of a 100 yard stretch of beach. Assume there are 100 beach goers evenly distributed along the stretch of beach and travel costs are $.1 per yard. If Al charges $1 for his..
Show a T-account for a bank when you make a deposit of $2000 into your checking account. Assume the reserve ratio is 20%. If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $2000 ..
For five years, an oil drilling company has operated profitably in the state of Alaska (the only place it operates). Last year, the state legislature instituted a flat annual tax of $100,000 on any company extracting oil (or natural gas) in Alaska. H..
Mike spends all his money on Jelly Beans and Gummy Bears and these two products are perfect substitutes for Mike. A few of Mike’s indifference curves are shown in the figure below. The dark line L is Mike’s budget line at current prices.
How do tariffs work? Illustrate by referring to U.S. lumber imports from Canada, suing any set of quantities and prices to make your point. Public housing and public protection are two of many goods that government provides. One is considered a publi..
q.here is the question i need help on suppose that in new crankshaft pennsylvania the quality distribution of the 4 000
Under what authority can Congress levy an income tax?
For all problems consider a market containing four identical firms, each of which makes an identical product. The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are..
Explain the dual objectives of the Federal Reserve when dictating that nation’s money supply. Given these, explain whether the Federal Reserve has been successful in achieving the objectives over the last 15 years.
Two Arguments:In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms
Suppose that households wealth increase because the value of their assists (homes, stocks, land, etc.) have increased. As a result of this shock our model of the labor market predicts that
Discuss which economic relationships you have studied up until now (not just in this class, but in all your economics classes) could be estimated using the simple linear regression model as well as the information you would need to estimate such a re..
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