The price index that measures the prices of goods and services purchased by firms is called the:

With perfect price discrimination, a monopoly can extract the ________ price each customer is willing to pay and thereby obtain the entire ________ surplus

A) maximum; consumer B) minimum; producer C) maximum; producer D) minimum; consumer E) None of the above answers is correct.

When isoquants get progressively further apart there is

a. increasing returns to scale b. decreasing returns to scale c. constant returns to scale