Refer to the figure below. 
If Column Cruises offers reduced rates, and Row Resorts keeps its rates high, then Row Resorts will earn ________, and Column Cruises will earn ________.
A. 10; 500
B. 500; 10
C. 300; 300
D. 50; 50
Answer: A
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List and explain factors that influence consumption expenditure
What will be an ideal response?
Suppose Acme County Bank and Trust has $1 million in total deposits and the required reserve ratio is 10%. How many dollars is Acme allowed to use to seek profits?
A) 0 B) $100,000 C) $900,000 D) $1 million E) $10 million
A downward sloping demand curve indicates that
A) individuals all have the same valuation of the same product. B) individuals have different valuations of the same product. C) individuals have no valuations of a particular product. D) certain individuals are uninformed about certain aspects of the product.
The Laffer curve illustrates that
a. deadweight loss rises by the square of the increase in a tax. b. deadweight loss rises exponentially as a tax increases. c. tax revenue first rises, then falls as a tax increases. d. Both a) and b) are correct.