Explain what is meant by perfect price discrimination. What ...

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Explain what is meant by perfect price discrimination.
 
  What will be an ideal response?

Question 2

The expenditure approach to measuring U.S. GDP equals _________.
 
  A. the sum of U.S. consumption expenditure and U.S. investment
  B. U.S. government expenditure minus taxes paid by Americans
  C. all expenditure on final goods and services produced in the United States in a given time period
  D. all expenditure by Americans on goods and services produced in the United States in a given time period

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Answer to Question 1

This occurs when a firm charges the maximum amount that buyers are willing to pay for each unit.

Answer to Question 2

D Answer D is effectively the definition of the expenditure ap-proach.