Show Stoppers is a monopoly provider of ticket services for the concerts and sporting events and their current service charge is $10.00 . In order to attract one more customer, they have to lower their service charge to $9.50 . Show Stoppers' marginal revenue of this additional customer is:
a. $9.50
b. greater than $9.50.
c. less than $9.50.
d. between $10.00 and $9.50.
c
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Private goods are goods
A) that carry a price. B) for which price is greater than zero. C) for which the more one person has the less is available for someone else. D) that are produced by the government.
When economists say scarcity, they mean:
a. there are only a limited number of consumers who would be interested in purchasing goods. b. the human desire for goods exceeds the available supply of time, goods and resources. c. most people in poorer countries do not have enough goods. d. goods are so expensive that only the rich can afford it.
Figure 16.5Figure 16.5 depicts the market effects of a gasoline tax. What is the amount of gasoline tax per gallon?
A. PA - PB B. PB - PC C. PA - PC D. There is not sufficient information.
If a bank does not have enough reserves to satisfy the reserve requirement, it is likely to do any of the following except
A. Borrow additional reserves in the federal funds market. B. Buy securities. C. Borrow from the discount window at the Federal Reserve Bank. D. Sell securities.