In two or three sentences, explain why the following scenario is an example of price discrimination: The airline charges Justin $200 for a ticket. The airline charges Nathan $300 for a ticket on the same flight.

When an oligopoly exists how many producers dominate the market

Assume that overhead is charged on a flat-rate basis. Each member of the project is assigned an overhead charge of $100/week.

What is market segmentation? List the steps in the market segmentation process.

A personal business letter may be written by: A. a college student inquiring about a loan. B. a hospital administrator recruiting staff. c. the CEO of a local bank to a customer. D. a sales director congratulating his team on meeting a goal.

From the appearance of the utility function, we know that 2 a. Britney is risk averse. b. Britney gains less satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars. c.

One day a supplier supplied 300 units of a good at $20 per unit. A week later the same supplier supplied the same number of units at $10 per unit. Based on this evidence the supplier has experienced: a a decrease in quantity supplied.

The aims of mercantilists do not include a. achieving power and wealth for the state. b. achieving political and economic unity

In Japan, it's called kuroi kiri (black mist), in Germany, it's schmiergeld (grease money), Mexicans refer to la mordida (the bite), the French say pot-de-vin (jug of wine), and Italians speak of the bustarella (little envelope).

Businesses that engage in ultrahazardous activities are strictly liable for any injuries. a. True b. False

Increasing the amount of credit that is available within an economy is done through? Expansionary monetary policy or contractionary?