Consider the above figure. The equation for the saving function is
A) S = 40 - 0.67 Yd.
B) S = 40 + 0.33 Yd.
C) S = -40 + 0.67 Yd.
D) S = -40 - 0.33 Yd.
C
Economics
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Jane's Garage Cleaning is a perfectly competitive firm that currently cleans 40 garages a week. Jane's marginal cost is less than the price she charges. Jane can increase her profit if she
A) charges a higher price. B) charges a lower price. C) cleans fewer than 40 garages a week. D) cleans more than 40 garages a week.
Economics
Price discrimination requires:
a. a firm to be a competitive firm. b. a firm to be able to segment its customers based on different price elasticities of demand. c. arbitrage. d. that the product can be easily resold.
Economics