An explanation for the slowdown in U.S. productivity growth in the 1973-1995 period was higher oil prices caused by

Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that the capital per worker ratio (K/N) is

A) constant. B) growing at a rate of gA - gN. C) growing at a rate of gN. D) growing at a rate of gA. E) growing at the same rate as Y/N.

Price discrimination occurs when

a. price exceeds marginal cost b. a firm charges different customers different prices, and the differences are not explained by cost factors c. price exceeds average cost d. a firm charges different customers different prices, where these differences are based on cost differences e. price equals average variable cost