This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Nominal GDP will increase A) only if the quantity of final goods and services produced rises. B) ... (Read 350 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


naturalchemist

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Excellent

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
Worldly Goods Worldly Goods
Gossip and ridicule increase the status insecurity of this time of life. Gossip and ridicule increase the status insecurity of this time of life.
Responses Produced by Activation of Specific Opioid Receptors Responses Produced by Activation of Specific Opioid Receptors
Initial and final methanol concentrations Initial and final methanol concentrations
Laboratory-Produced Protocells Laboratory-Produced Protocells
Video: Biological organic compounds

For a complete list of videos, visit our video library