Tie-in sales are most advantageous to the seller when
A) the demands for the two goods are negatively correlated.
B) the demands for the two goods are positively correlated.
C) the demands for the two goods are unrelated.
D) there are economies of scope.
A
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Lorna's Lumberyard is a monopsony. Lorna estimates that at a wage of $10, 100 workers would be willing to work for her. Similarly, at a wage of $12, 200 workers would be willing to work. Her marginal factor cost is:
a. $10. b. $14. c. $120. d. $140. e. $240.
Which characteristic of competitive markets permits society to answer the WHAT to produce question efficiently?
A. Total cost pricing. B. Minimum cost pricing. C. Average cost pricing. D. Marginal cost pricing.
The type of risk that pushes the returns from all investment in the same direction at the same time is:
A. Idiosyncratic B. Diversifiable C. Systemic D. Time preference
Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. Assume Tom's budget constraint is AC. Given his current monthly income he will not have enough income to purchase the bundle represented by point
A. A. B. B. C. E. D. D.