Harry and Gus fish the same lake together from the same boat
Each morning Harry typically catches either 20 bluegills or 5 walleyes (depending on how deep he fishes) while Gus typically catches either 20 bluegills or 2 walleyes (depending on how deep he fishes). Other things constant, if they wish to maximize the total number of fish they catch together tomorrow morning, regardless of species, A) Harry should fish and Gus should row.
B) Harry should fish only for bluegills and Gus should fish only for walleyes.
C) Gus should fish only for bluegills and Harry should fish only for walleyes.
D) both Harry and Gus should fish for bluegills.
D
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When the price level ________, the demand curve for money shifts to the ________ and the interest rate ________, everything else held constant
A) falls; right; rises B) rises; right; falls C) falls; left; rises D) rises; right; rises
Which of the following is true of successful price discriminators? a. They make greater profits than by charging everyone a uniform price
b. Their customers must have different willingness to pay. c. Their customers must have difficulty reselling the good to other customers. d. All of the above are true of successful price discriminators.