In economics, the term marginal refers to:
A. the change or difference from a current situation.
B. man-made resources as opposed to natural resources.
C. the satisfaction a consumer receives from a good.
D. holding everything else constant in the analysis.
Answer: A
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In a Dutch auction, the starting bid is ________
A) far above any bidder's value for the good being auctioned B) far below any bidder's value for the good being auctioned C) far below the market price of the good D) equal to the market price of the good
The local cable TV company charges a "hook-up" fee of $30 per month. Customers can then watch programs on a "pay-per-view" basis (a fee is charged for every program watched). This is an example of
A) peak-load pricing. B) second-degree price discrimination. C) a two-part tariff. D) intertemporal price discrimination. E) none of the above