Providing better service, ambience, or a convenient location are all forms of
A. price discrimination.
B. product differentiation.
C. consumer surplus.
D. economies of scale.
B. product differentiation.
Economics
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According to the above table, if real Gross Domestic Product (GDP) equals $30,000, what is the average propensity to consume?
A) 0.75 B) 0.67 C) 0.8 D) 0.87
Economics
In a nation with a market economy, workers are free to:
a. choose their employer b. set their salary or wage c. take office supplies home d. take as many paid vacation days as they want.
Economics