If a firm is price differentiating, then it is
A) producing a homogeneous product.
B) charging different prices to different consumers based on differences in marginal costs.
C) charging different prices based on quality.
D) charging different prices based on advertising costs.
B
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The form of economics most relevant to managerial decision-making within the firm is:
a. macroeconomics b. welfare economics c. free-enterprise economics d. microeconomics e. none of the above
Present value analysis suggests that high-income earners
A. make a competitive real rate of return through Social Security. B. can make an average real rate of return through Social Security only if they live to age 100. C. cannot make an average real rate of return through Social Security even if they live past 100. D. can make an average real rate of return through Social Security only if they live to age 65.