An Example of Price Discrimination Is When

question 83

Multiple Choice

An example of price discrimination is when

• A) movie theaters do not allow children into R-rated movies without a parent or guardian.
• B) you can purchase a new PC for half the price of a new Mac,even though they are both computers.
• C) Procter & Gamble charges $9 for a bottle of Tide laundry detergent,while the store brand costs the consumer significantly less,despite being somewhat similar products.
• D) out-of-state students pay more for the same education as in-state students.
• E) a grocery store charges $3.00 for a box of Froot Loops on Tuesday,but charges $2.80 for a box of Froot Loops on Wednesday.

Understand how to calculate percentage changes in GDP using real GDP and the GDP deflator.

Learn to differentiate between nominal GDP, real GDP, and the GDP deflator.

Analyze the impact of changes in real GDP and the GDP deflator on overall economic performance.

Develop the ability to calculate the change in real GDP given changes in nominal GDP and the GDP deflator.

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Definitions:

Unbiased Processing

The objective evaluation and interpretation of information, without being influenced by personal prejudices or emotions.

Self-Efficacy

The belief in one’s capabilities to organize and execute the courses of action required to manage prospective situations.

Self-Regulation

The ability to manage one's thoughts, emotions, and behaviors in pursuit of long-term goals.

Vulnerable Narcissism

A form of narcissism characterized by sensitivity to criticism, insecurity, and an internal sense of grandiosity and entitlement.