If the manager of a nonprofit enterprise sets prices below market clearing levels, she
A) increases the net revenue of the enterprise.
B) provides herself with control over a valuable good.
C) reduces her personal popularity.
D) produces all of the above consequences.
B
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If your salary increases at a lower rate than prices are increasing, what would happen to your buying power?
What will be an ideal response?
The exchange efficiency condition holds:
A. if every pair of individuals has inverse marginal rates of substitution for every pair of goods. B. if every pair of individuals shares the same marginal rate of substitution for every pair of goods. C. if every pair of individuals consumes the same quantities of every pair of goods. D. if every pair of individuals have the same level of utility.
If the marginal utility per dollar spent on Good X exceeds that of Good Y, the utility-maximizing consumer should:
a. buy less of Good X and more of Good Y. b. buy less of Good Y and more of Good X. c. buy more of both Good X and Good Y. d. buy less of both Good X and Good Y.
A brand name can be a source of market power
Indicate whether the statement is true or false