A change in the output gap is likely to lead to ________
A) a change in inflation
B) a change in expected inflation
C) a shift of the short-run aggregate supply curve
D) all of the above
E) none of the above
D
Economics
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Firms engage in odd pricing when they charge prices that appear to be less than they really are; for example, charging a price of $4.95 instead of $5.00 and $.99 instead of $1.00
How have researchers tried to determine whether odd pricing is successful in convincing consumers that odd prices are less than they really are?
Economics
A firm in a monopolistically competitive market determines the profit-maximizing output at which
A) MR = P. B) MR = ATC. C) MR = AVC. D) MR = MC.
Economics