A perfect price discriminator
A) charges each buyer her reservation price.
B) charges different prices to each customer based upon different costs of delivery.
C) generates a deadweight loss to society.
D) charges lower prices to customers who buy greater quantities.
A
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The cost-of-living adjustments that are included in the wage contracts protect:
a. businesses from unexpected inflation. b. workers from unexpected inflation. c. workers from expected inflation. d. employers from unexpected inflation. e. consumers from expected inflation.
The process of moving from disequilibrium to equilibrium in labor markets creates special problems because
a. we are all workers threatened by recession b. we cannot spend money we have not earned c. the process is very short d. the process is especially lengthy e. negative shocks create economic expansions