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Author Question: Nominal GDP will increase A) only if the quantity of final goods and services produced rises. B) ... (Read 251 times)

naturalchemist

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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


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juiceman1987

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


naturalchemist

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

coreycathey

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Reply 3 on: Yesterday
Excellent

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