Mixed bundling may result in
A) less revenue compared to pure bundling.
B) secondary market transactions between sellers in different markets.
C) predatory pricing.
D) greater revenue compared to pure bundling.
D
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
The twosector (manufacturing and agriculture) specific factors model assumes:
a. that there are increasing returns to labor. b. that there are diminishing returns to labor. c. that there are diminishing returns to capital in the agricultural sector. d. that there are diminishing returns to land in the manufacturing sector.
Which of the following is NOT a restriction the government imposes to keep potential entrants out of a market?
A. patents B. copyrights C. assistance with opening new firms D. tariffs
Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.
Figure 33.4Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed
A. domestic production will increase by 50 wallets and domestic consumption will decrease by 50 wallets. B. domestic production will increase by 100 wallets and domestic consumption will decrease by 100 wallets. C. domestic production and consumption will increase by 50 wallets and domestic consumption will increase by 50 wallets. D. domestic production will increase by 150 wallets and domestic consumption will decrease by 250 wallets.