Which of the following types of firms practices price discrimination?
a. airlines
b. movie theaters
c. colleges
d. all of the above
d
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If a firm needs one machine to produce a product, and must replace the machine when it wears out, then the firm should pick a durability level of the machine that
A) minimizes the expense today. B) minimizes the present discounted cost of having the machine forever. C) maximizes the future value of the machine. D) minimizes the future value of the machine.
Tax cuts aimed at businesses can stimulate:
A. social spending. B. private consumption. C. investment spending. D. net exports.
The substitution effect of an inferior good is positive.
a. true b. false
Are changes in consumption and investment typically occur in the same direction and at roughly the same magnitude? Explain
What will be an ideal response?