All of the following are included in gross private domestic investment expenditure EXCEPT a
A) business's purchase of a fleet of cars.
B) household's purchase of a new house.
C) business's purchase of another company's stock.
D) a retail store's purchase of shoes to add to its inventory.
C
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Using marginal utility theory, when the price of a gallon of milk falls, a consumer will buy
A) the same amount of milk as before and buy more of all other goods. B) more milk. C) more milk only if its marginal utility is increasing. D) more milk only if its marginal utility is constant.
Which of the following is an example of price discrimination?
a. An online bookstore charges more for overnight shipping than standard shipping when customers buy books from it. b. Airline tickets are more expensive for first-class seats than for coach. c. Hotel rates for AAA members are lower than for nonmembers. d. All of the above are correct.