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Author Question: Fiat money A) serves well as a medium of exchange, but not as a store of value. B) has no or ... (Read 76 times)

erika

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on: Jun 29, 2018
Fiat money
 
  A) serves well as a medium of exchange, but not as a store of value.
  B) has no or very little value except as money.
  C) is rarely used in modern economies.
  D) functions well only if can be redeemed for gold or other precious metals.

Question 2

Suppose a restaurant is trying to determine how much to charge for a bowl of chili, and decides to run an experiment to see how much its customers are willing to pay by allowing them to set their own price for this menu item.
 
  a. Is charging a customer the price he or she is willing to pay for the bowl of chili an example of price discrimination? Briefly explain.
  b. What is it called when a firm knows every consumer's willingness to pay, and can charge every consumer a different price? What happens to consumer surplus in this situation?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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annierak

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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erika

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Reply #2 on: Jun 29, 2018
Thank you


annierak

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Reply #3 on: Jun 29, 2018
No problemo


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