Ramsey pricing avoids cross subsidy
Indicate whether the statement is true or false
F It is possible to have Ramsey prices that cross subsidize.
Economics
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If US consumers want to buy Chinese goods, they will
a. Buy Yuan and sell US Dollars b. Sell Yuan and buy US Dollars c. Neither buy nor sell Yuan d. Neither buy nor sell dollars
Economics
Budget constraints exist for consumers because
a. their utility from consuming goods eventually reaches a maximum level b. even with unlimited incomes, they have to pay for each good they consume c. they have to pay for goods and they have limited incomes d. prices and income are inversely related e. demand curves for goods generally slope downward
Economics