Last year, an economy produced 2400 bananas, 3000 satsumas and 2500 peaches. The price of bananas was €0.50, the price of satsumas was €0.60 and the price of peaches was €0.50. Nominal GDP was:

For a monopolist that engages in price discrimination, when the price elasticity in market 1 is less (in absolute value) than in market 2, the optimal price in market 1 will exceed the optimal price in market 2

a. true b. false

An organization with hierarchy

A) is needed to define property rights between knowledge workers. B) remains an effective way to manage knowledge workers. C) is not an effective way to manage knowledge workers. D) none of these choices.