Ashley bakes bread that she sells at the local farmer's market. If she purchases a new convection oven that reduces the costs of baking bread, the

In contrast to the post-World War II period, before 1940 the government

a. actively intervened in the economy for stabilization purposes. b. used aggregate demand management to avoid recessions. c. rarely intervened in the economy to influence inflation or unemployment rates. d. used government ownership to guarantee full employment.

Of the following, the most likely example of price discrimination is when:

A. restaurants charge different prices for chicken and beef. B. hotels charge different rates for the same rooms when conventions are held. C. supermarkets charge different prices for oranges and apples. D. a firm sells different shoes for different prices.