During the winter, theme parks in Orlando close earlier than in the summer. The reason the theme parks close early during the winter is because during that season the marginal revenue from staying open later is ________ the marginal cost
A) greater than
B) less than
C) equal to
D) zero compared to
E) not comparable to
B
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The multiplier effect refers to the fact that a change in spending (aggregate demand) will
What will be an ideal response?
As mentioned in the video, Gaviña uses many different channels to get its coffee to market. If Gaviña sells coffee in bulk to Costco, which then sells retail packs to individual consumers for personal use, which distribution channel is this?
A. Producer to wholesaler to retailer to consumer B. Producer to? agent/broker to wholesaler to retailer to consumer C. Producer to? agent/broker to consumer D. Producer to consumer E. Producer to retailer to consumer
One consequence of imperfect information in the health insurance market is that:
A. less healthy individuals are more likely to buy insurance, driving up the cost of insurance for everyone. B. the most healthy individuals are more likely to buy insurance, leaving the least healthy without access to health care. C. health insurance increases the demand for health care and so increases the price of health care. D. unhealthy individuals are denied health insurance.
Explain why a government would impose an import tariff when domestic consumers suffer more than producers gain
What will be an ideal response?