With price sensitivity in mind, who would you expect to be more likely to purchase food at the movie concession counter?Click to view larger image.
a. those who attend matinees
b. those who attend evening movie showings
c. those who attend matinees and those who attend evening movie showings are equally likely to purchase concessions
d. it is not possible to determine the answer to the question with the information given
b. those who attend evening movie showings
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In general, the larger the membership of a union the:
A. more power it has to keep wages above equilibrium. B. less power it has to keep wages above equilibrium. C. more likely the distribution of power within the organization will make it less effective. D. greater the chance that it abuses its power.
If, as price increases by 10 percent, total revenue decreases by 10 percent demand is
a. elastic. b. unit elastic. c. inelastic. d. perfectly inelastic.
Describe the two basic philosophies of taxation fairness.
What will be an ideal response?
Hector voluntarily left his job to search for a job in accounting, the field in which he has his bachelor's degree. Hector is considered:
A. structurally unemployed. B. cyclically unemployed. C. frictionally unemployed. D. not to be unemployed.