Consider a monopolist with demand D = 120 − 2p, (1) and marginal cost MC = 40. Suppose the monopolist uses the perfect price discrimination. (1) What is the optimal output? (Hint: use MR = MC ) (2) What is the maximal monopolist’s profit under perfect price discrimination?

Money from an allowance or job is known as .

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate