1. Which of these situations is not an example of price discrimination?
2. The price of labor is $2, and the price of capital is $1. The marginal product of labor is 200, and the marginal product of capital is 50. What should the firm do?
3. A price ceiling is characterized by
4. After Julia received a raise in her income, she began purchasing more ice cream cones and fewer popsicles. For Julia, popsicles
5. One of the reasons that the government discourages and regulates monopolies is that
