A bottle of wine manufactured in Paris, France cost 45 euros. What is the dollar value of the wine if the exchange rate is $0.80 per euro?
A) $36.00
B) $56.25
C) $40.00
D) None of these dollar values is correct.
A
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A subsidy
a. used in an abatement equipment market can achieve an efficient solution if the subsidy is set equal to the MEB at QE b. on pollution reduction activity encourages firms to reduce pollution below a predetermined standard c. on abatement equipment can create bias by changing the relative prices of various abatement technologies d. all of the above e. (a) and (b) only
In a perfectly competitive market that is in long-run equilibrium, a rightward shift in the market demand curve results in
A) the price falling in the short run. B) the firms' economic profits falling in the short run. C) firms leaving the industry in the long run. D) none of the events listed above.
"Value pricing" stresses the importance of product differentiation
Indicate whether the statement is true or false
In golf and tennis, there is little concern over player strikes because
A. they are amateurs and do not wish to be paid. B. there is a direct relationship between winning and earning. C. the golf and tennis owners have always been fair. D. even the average players make more than the stars in the other sports.