Credit cards are NOT a part of the M1 or M2 money supply.
Answer the following statement true (T) or false (F)
True
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A comic book company pays an annual licensing fee of $10,000 for the rights to an artist's character. Which would have the bigger effect on the readers of that character's comic: an increase in printing costs or an increase in the artist's licensing fee? Explain.
What will be an ideal response?
What is required for a negative externality to occur?
A) The intention or plan to directly impose costs on others B) The full costs of an action aren't taken into account C) A total lack of concern for other people's welfare D) Greed
The Athenian Theatre sells tickets for the same play at different prices: a lower price to those who opt for the seats at the back of the theatre and a higher price for those who purchase seats in the front, around the stage
Which of the following statements is true? A) This is an example of product differentiation but not price discrimination. B) Since the cost of producing the play does not change with the seating configuration, this is evidence of price discrimination based on market segmentation. C) Charging two different prices is an effective way to avoid an excess demand for play tickets; the higher price lowers quantity demanded to some extent. D) The theatre practices first-degree price discrimination by setting prices based on willingness to pay.
The marginal product refers to the impact of which unit of a productive resource?
a. first b. middle c. last d. average