Which of the following is the most important reason for growing inequality in the income distribution in the United States?
A. an increase in demand for highly educated workers
B. inheritances
C. discrimination
D. a steady increase in tuition and fees for a college education
Answer: A
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What is the key characteristic of profit maximizing price discrimination that distinguishes intertemporal price discrimination from peak-load pricing?
A) Peak-load pricing does not require MC = MR. B) Marginal revenue may be different across different groups of buyers under intertemporal price discrimination. C) Marginal costs are independent across time periods under peak-load pricing. D) Marginal revenue must be constant under both pricing schemes.
Only about one out of three custodial mothers who are poor gets any child support payments
Indicate whether the statement is true or false