The price for used cars is well below the price of new cars of the same general quality. This is an example of:
a. The Degree of Operating Leverage
b. A Lemon's Market
c. Redeployment Assets
d. Cyclical Competition
e. The Unemployment Rate
b
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Suppose that Rosa is considering migration to another country. To move, she will have to spend $5000 on transportation and $4000 in application and other processing fees. Rosa's stream of future earnings in her home country is $500,000. She expects to earn a stream of future earnings of $800,000 in another country. Based on this information, Rosa's explicit cost of migrating is:
A. $9,000 B. $500,000 C. $507,000 D. $5,000
"The recent availability of satellite television has reduced the price of cable television subscriptions." Based on this statement, what may be concluded about price, cross-price, or income elasticity of demand?
What will be an ideal response?
The sum of money spent by a person to purchase a new home is considered as a part of investment spending
a. True b. False Indicate whether the statement is true or false
If a firm charges each consumer the absolute maximum price that he or she is willing to pay, the firm is practicing
a. perfect price discrimination. b. marginal revenue pricing. c. price discrimination. d. monopoly pricing.