Consumption spending refers to ________ spending on goods and ...

[torybrooks]

Consumption spending refers to ________ spending on goods and services.
 
  A) government B) business C) foreign D) household

Question 2

Refer to Figure 16-3. Suppose Chantal charges all her customers a uniform price of 10 for a haircut. Which of the following statements is true?
 
  A) Chantal is maximizing revenue in market B.
  B) Chantal is selling more than the profit-maximizing quantity of haircuts in market B.
  C) Chantal is selling less than the profit-maximizing quantity of haircuts in market B.
  D) Chantal will earn a greater profit through uniform pricing than if she practices price discriminates.

[ciecieme]

Answer to Question 1

D

Answer to Question 2

B

[torybrooks]

Thank you

[ciecieme]

No problemo