It would be impossible to have an unlevered bank
a. True
b. False
Indicate whether the statement is true or false
True
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The area of economic profit shown in the above figure for the single-price monopolist is
A) bed. B) P3P5fc. C) 0P5fQ1. D) 0P4eQ3.
Workers expect inflation to rise from 3% to 5% next year. As a result, this should
A) shift the short-run aggregate supply curve to the left. B) move the economy down along a stationary short-run aggregate supply curve. C) shift the short-run aggregate supply curve to the right. D) move the economy up along a stationary short-run aggregate supply curve.
After browsing several pairs of shoes, Bob buys a pair of Nike running shoes. Economists would say that:
A. Bob is revealing his strong distaste for New Balance running shoes. B. Bob is revealing he will always choose Nike over any other shoe brand. C. Bob will get more utility per dollar from the Nike running shoes than any other in the store. D. Bob made a poor choice, if he really prefers Adidas.
Which of the following is NOT an example of the hurdle method of price discrimination?
A. An early-bird discount for people who order dinner before 5pm. B. A mail-in rebate on a printer. C. A lower price on strawberries when they are in season. D. A coupon for $10 off any purchase of $50 or higher.