Half of all your potential customers would pay $10 for your product but the other half would only pay $8 . You cannot tell them apart. Your marginal costs are $4 . If you set the price at $10, the expected profit is:

A(n) ________ in U.S. prices will cause a decrease in the demand for U.S. dollars and a(n) ________ in the (per dollar) exchange rate

A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease

Canned milk was only rationed to babies and small children during World War II. This rationing was an example of allocation by

A) market price. B) first-come, first-served. C) sharing equally. D) force. E) personal characteristics.