If your demand for renting videos is Q = 5 ? 2P, should you purchase the annual membership from a video store that charges $0.5 per rental, plus an annual membership fee of $12?
A. Probably yes
B. Definitely yes
C. Cannot be decided
D. Definitely no
Answer: D
You might also like to view...
Refer to Table 4-7. If a minimum wage of $12.50 is mandated there will be a
A) shortage of 40,000 units of labor. B) surplus of 80,000 units of labor. C) shortage of 80,000 units of labor. D) surplus of 40,000 units of labor.
The introduction of the Internet over the last 20 years has caused the:
A. long-run aggregate supply curve to shift to the right. B. long-run aggregate supply curve to shift to the left. C. short-run aggregate supply curve to shift to the left. D. long-run aggregate supply to remain fixed.
Based on information from the U.S. Census, which of the following statements is true?
a. Black women and white women with similar levels of education and experience earn similar pay. b. Blacks and whites have lower levels of educational attainment than Hispanics and Asians. c. Whites and Hispanics have higher levels of educational attainment than Asians and blacks. d. White and black college graduates earn significantly different salaries immediately after college.
When the dollar appreciates relative to foreign currencies, it means that:
A. We need more dollars to buy each unit of another currency B. We can buy less foreign currency with a given amount of dollars C. The value of foreign currencies decreased relative to our dollar D. Foreigners need less of their currency to buy one dollar