When tickets are "scalped," then in this market transaction:
A. The buyer benefits, but the seller does not
B. The seller benefits, but the buyer does not
C. Both the buyer and seller benefit
D. Neither the buyer nor seller benefit because it is illegal
C. Both the buyer and seller benefit
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High-skilled workers have
A) a lower value of marginal product because they have higher wages. B) the same labor supply curve as do low-skilled workers. C) more human capital than do low-skilled workers. D) None of the above answers is correct.
If the price of milk was $1.25 a gallon and it is now $2.25 a gallon, what is the percentage change in price?
A) 4.4 percent B) 8 percent C) 44 percent D) 80 percent
Governance of a firm is not related to transparency issues
Indicate whether the statement is true or false
When a firm is a price taker, changes in its sales quantity have ______ effect on the price it can charge.
A. a positive B. a negative C. no D. little