In the figure above, the middle fifth of all households receive what share of all income?
A) 10 percent
B) 20 percent
C) 30 percent
D) 40 percent
B
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When the price of a video rental was $2.00, ticket sales at the local movie theatre averaged 180 admissions per night
Then the video store reduced the price of a video rental to $1, and the theatre manager reported that ticket sales had fallen to 126 per night. What is the approximate value of the cross price elasticity of demand between video rentals and theatre tickets? A) -0.53 B) +0.30 C) +0.53 D) +1.67
As a result of moral hazard
A) both physicians and hospitals order more procedures. B) physicians and hospital administrators have no incentive to raise costs. C) patients increasingly have to worry about the expense of operations and other medical procedures. D) both physicians and hospitals have a financial interest in trying to keep hospital costs down.
Refer to the table shown. If the average product is 6, the number of workers could equal:Number of workersTotal output142103184285356417458489501049
A. 5. B. 7. C. 1. D. 3.
The last time gas prices increased drastically, sales of large Sport Utility Vehicles (SUVs) fell. Why?
A. Higher gas prices lowered the benefit of driving an SUV. B. Higher gas prices increased the cost of driving a SUV. C. Higher gas prices lowered the cost of driving a SUV. D. Higher gas prices increased the benefit of driving an SUV.