In two-part pricing
A) consumers pay a lump-sum for all the goods purchased.
B) the consumer must pay a lump sum if he buys more than a certain number of units of a good.
C) a firm charges more for units purchased on the weekend than for those purchased during the week.
D) the average price paid per unit is higher with a small number of units purchased than if a large number of units is purchased.
Question 2
A main rationale for government intervention in markets ________ and ________.
A) is to reduce producer surplus; redistribute wealth
B) concerns the creation of public goods; reduces free-riding
C) is to correct market failures; increase surplus
D) There is never an economic rationale for government intervention.
Simple food web of an Arctic island. NOTE: The indication of detritivores and pathogens was not part
Part of the physical map of the E. coli genome, obtained by sequencing
How to evaluate and sketch a piecewise function pertaining to tax (Part 3)
How to solve exponential equations without logarithms (Part 2)
How to calculate compound interest (Part 1)