Which of the following is FALSE?
a. To reduce cannibalization among products, make the products more homogenous
b. After acquiring a substitute product, raise prices on both the products
c. After acquiring a complementary product, lower prices on both the products
d. All of the above
a
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If marginal utility is a positive number,
A. the more you purchase, the more total utility you get. B. the more you purchase, the less total utility you get. C. utility is not affected by more purchases. D. then you are as well off as possible.
Consumers with higher wages have ________ opportunity costs than consumers with low wages, which means that managers should place stores ________ in areas that are frequented by high-income consumers.
A) lower; farther apart B) lower; closer together C) greater; closer together D) greater; farther apart
In a monopolistic competitive industry, short-run economic profit encourages entry of new firms until there are no economic profits in the long-run
a. True b. False Indicate whether the statement is true or false
Suppose that a central bank reduces the money supply growth rate to disinflate. What does disinflation mean? If people do not alter their inflation expectations, what happens to output and unemployment?