Nominal GDP will increase A) only if the quantity of final ...

[naturalchemist]

Nominal GDP will increase
 
  A) only if the quantity of final goods and services produced rises.
  B) if either the price level or the quantity of goods and services produced rises.
  C) only if the price level rises.
  D) only if the price level falls.

Question 2

Refer to Figure 16-5. Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the profit-maximizing price it will charge?
 
  A) It should charge a range of prices from 40 to 16.
  B) It should charge a range of prices from 40 to 12.
  C) 2
  D) 8

[juiceman1987]

Answer to Question 1

B

Answer to Question 2

A

[naturalchemist]

Thanks for the timely response, appreciate it

[FergA]

YES! Correct, THANKS for helping me on my review