Which of the following has led to reduced use of ATMs?
A) some banks closing branches in low-income neighborhoods
B) some banks charging fees for transactions performed by tellers that could be done by ATMs
C) increased use of debit card transactions
D) reductions in fees for overdrafts
C
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For a retailer buying from a wholesaler, volume discounts do not violate the Robinson-Patman act because
a. To sell larger volumes, the retailer himself has to offer discounts b. To sell larger volumes, the retailer has to incur costs in promoting the item c. To sell larger volumes, the retailer has to hold the items in inventory longer d. All of the above
You hire a set of economic consultants and they tell you the following: At a price of $7, 24 units of the good could be sold; at a price of $6, 29 units of output could be sold. You know then that the firm's total revenue at a price of $7 would equal
a. $174 b. $14 c. $6 d. $168 e. $342