Answer:
true
Explanation:
they gives us great lesson
Answer:
c. It must cost the seller more to service some customers than others.
Explanation:
Price discrimination is when a producer is able to differentiate prices and take advantage of its consumers' surplus.
A price searcher is someone who can influence their prices to change, price discrimination is not possible without being a price searcher.
The seller must also be able to distinguish between different customer groups if not individual customers, hence the distinguish is a must for price discriminators.
Reselling the product must be expensive and hard other wise economic agents would buy the products where there is a lower price and take advantage by selling where differentiated price is high.
However point C, is conditional and it may actually not cost the seller any additional costs to charge different prices.
Hope that helps.
Answer: Increase in Supply of Loanable funds
Explanation:
With people now living longer in Zimbabwe, they will need a way to sustain their selves in their old age. This will lead to them saving more money in pensions and other financial instruments presented by banks.
These banks will then use this money that these people have saved to create loans for entities in the economy thereby increasing the supply of loanable funds and reducing interest rates.
Answer:
The variable expense is 36% of monthly expense i.e $2,016.
Explanation:
Data provided in the question:
Monthly income of Mr. Jones = $5,600
Fixed expenses = $2,912
Net income = 12% of monthly income = 0.12 × $5,600 = $672
Now,
Variable expense = Monthly income - Fixed expenses - Net income
= $5,600 - $2,912 - $672
= $2,016
Percent of variable expense =
Hence, the variable expense is 36% of monthly expense i.e $2,016.
Interest on the loan and homeowner's insurance and property taxes