Suzanne,James,William,and Theodore All Walk Down Wall Street Each Day and See

question 50

Multiple Choice

Suzanne,James,William,and Theodore all walk down Wall Street each day and see the same sign requesting donations to an organization that helps poor people.Which of these people is most likely to give a donation?

• A)Suzanne,who believes that poor people should work harder to help themselves.
• B)James,who is a high self-monitor.
• C)William,who believes that people can become poor through no fault of their own.
• D)Theodore,who attributes people's poverty to their reckless spending habits.

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Definitions:

Long-run

A time period in which all factors of production, including capital, are variable, allowing full industry adjustment.

Price Discrimination

A pricing strategy where a seller charges different prices to different customers for the same product or service, based on factors other than the cost of production.

Price Searchers

Sellers who have the ability to control and set prices because their products do not have perfect substitutes.