A good bit of management jargon often simply symbolizes fundamental economic analysis

Price discrimination by sellers is usually observed only in situations where

A) low-price customers can easily resell to high-price customers. B) prices are set by competing monopolies. C) sellers are bigots. D) sellers can effectively identify customers by their demand for the product.

The law of diminishing marginal productivity states that

a. As you expand output, your marginal productivity eventually increases b. As you expand output, your marginal productivity eventually declines c. As you expand output, the total product eventually increases d. None of the above