Refer to Table 19-11. Nominal GDP for Tyrovia in 2016 equals
A) 1,140. B) 880. C) 690. D) 560.
Question 2
A firm using a two-part tariff faces a tradeoff because
A) any increase in consumer surplus must be offset by a decrease in producer surplus.
B) the only way to increase the fixed-fee portion of the price is to lower the per-unit portion of the price.
C) the only way to increase total revenue is to lower per-unit profit.
D) the smaller the variation between the parts of the price, the greater the deadweight loss generated by the pricing scheme.
