As manager of the only video rental store in town, you have noticed that on Thursday through Sunday the demand for movie rentals is much less elastic than it is on Monday through Wednesday. If you are currently charging $3 for a two-night rental, give an example of a pricing policy that might increase your revenues compared to a single-pricing strategy.
What will be an ideal response?
Weekend movie rental prices could be increased to $4 per night and the Monday through Wednesday price could be cut to $2 per night.
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Which of the following contributes to an institutional structure that promotes economic growth?
A. Technology. B. Property rights. C. Comparative advantage. D. The inequality trap.
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm:Q = a + bP +cM +dPRwhere Q is the quantity demanded of the product Conlan Enterprises sells, P is the price of that product, M is income, and PR is the price of a related product. The results of the estimation are presented below: 
Given the above, at the 1% level of significance, which estimates are statistically significant?
A. Only a?, b, and c? are statistically significant B. All are statistically significant C. Only a? is statistically significant D. All but a? are statistically significant E. All but b and d are statistically significant
If a country's production possibilities curve gets more bowed out over time, it is an indication that
A) technological change has taken place. B) society is learning to use its resources more efficiently. C) the quantity of labor and capital have increased. D) resources have become more highly specialized.
A consumer is buying the optimal amount of goods when
A. the marginal utility from the purchases of all the goods purchased is the same. B. the total utility from the purchases on all the goods purchased is the same. C. the marginal utility from the purchases of all the goods is equal to 1. D. the marginal utility per last dollar spent on all of the goods purchased is the same.