Author Question: A seller who succeeds in getting his various customers to pay different prices for the same good ... (Read 43 times)

Yi-Chen · **on:** Jun 29, 2018

A seller who succeeds in getting his various customers to pay different prices for the same good

A) is keeping his marginal revenue closer to his demand curve than it would otherwise be.
B) is not using the marginal cost-marginal revenue formula to set prices.
C) must be paying attention to overhead or sunk costs in setting prices.
D) thereby misallocates resources because sales will be less than if a single price is charged.

Question 2

The democratic political process operating at the national level tends to result in

A) balanced budgets.
B) deficits.
C) surpluses.
D) surpluses alternating with deficits in a countercyclical manner.