The function of the financial statement, which colleges ask parents to fill out to make their children eligible for tuition scholarships, is to
A) determine cases of genuine need.
B) maintain the college's eligibility for federal assistance.
C) permit the college to confine its aid to students who can make most effective use of the aid.
D) provide information about the demand curves of potential customers.
D
Economics
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Which of the following is TRUE about a perfect price discriminating monopolist?
A) Price is greater than marginal revenue. B) Price always exceeds marginal cost. C) The firm makes zero economic profit. D) The firm produces the efficient level of output.
Economics
For a representative consumer, 8 tacos and 2 hamburgers generate the same utility as 4 tacos and 4 hamburgers. How many tacos must the consumer give up in order to get one more hamburger?
A) 4 B) 2 C) 6 D) None of the above
Economics