Second-degree price discrimination allows firms to do all of the following except which one?
A) receive a higher price for the last units sold
B) sell more units
C) change some of the consumer surplus into profit
D) receive a higher price of the first units sold
A) receive a higher price for the last units sold
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The assumption that people do not intentionally make decisions that would leave them worse off is known as
A) the rationality assumption. B) the microeconomic assumption. C) the ceteris paribus assumption. D) the normative assumption.
Demand deposits are
a. deposits held by individuals at one of the twelve Federal Reserve District Banks. b. interest-earning savings deposits held by individuals at a banking institution. c. deposits of commercial banks at one of the twelve Federal Reserve District Banks. d. deposits of individuals that can either be withdrawn or made payable on demand to a third party by a check.