If you purchase one pound of apples the price is 1.50 per pound. If you buy a five pound bag of apples, the cost is 5.00. This is most likely an example of
A) quantity discounts.
B) lower marginal cost.
C) lower marginal benefit.
D) price gouging.
Question 2
In a two-player simultaneous game, if player A has a dominant strategy and player B does not, player B will
A) employ a mixed strategy.
B) choose his best strategy assuming that player A plays her dominant strategy.
C) not achieve a Nash equilibrium.
D) assume that player A does not choose her dominant strategy.
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Paul Cézanne: Green Apples, c.1873
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
"The Department of Agriculture came out today with its prediction for food price