If Happy Babies sells its baby formula in the United States for $10 box and for $12 (dollar equivalent) a box Canada, this is an example of ________.
A) second-degree price discrimination
B) third-degree price discrimination
C) peak-load pricing
D) two-part pricing
B) third-degree price discrimination
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Which of the following statements about an entrepreneur is false?
A) An entrepreneur organizes the other factors of production into a working unit. B) An entrepreneur develops the vision for the firm and funds the producing unit. C) An entrepreneur sells his entrepreneurial services in the output market. D) An entrepreneur risks the personal funds provided.
Refer to the data. If the current price of a bar of gold is $25,000, how many bars (in thousands) should OZ extract and sell this year in order to maximize profits?
The table below shows the quantity of gold bars (Q b ) in thousands, the extraction cost for each thousand bars (in millions of dollars), and the user cost of each thousand bars (in millions of dollars) facing the OZ Mining Company this year.
A. 1.
B. 2.
C. 3.
D. 4.