Economics

Understanding demand curves and variable costs allows you to model for _____.

Select an answer:

a. inelastic goods

b. economies of scope

c. maximum profit

d. economies of scale

What signifies a shift on the demand curve?

Select an answer:

a. a new innovation

b. a change in price

c. a seasonal trend

d. increased marketing

Which type of problem can be addressed with managerial economics?

Select an answer:

a. how to efficiently allocate resources like money, labor, and time

b. how to create competitive advantage

c. how to always charge the highest price

d. how to profitably invest in the stock market

Which choice is not an example of price discrimination?

Select an answer:

a. student discounts

b. flat rates

c. loyalty cards

d. coupons

Give explanation