Which of the following is an example of price discrimination?
a. airlines charging lower prices for those who book in advance
b. $6 foot-long subs at Subway
c. the McPick 2 menu at McDonald's
d. Little Roman's pizza menu with the following prices: cheese pizza = $8, supreme = $11
a. airlines charging lower prices for those who book in advance
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A shift in the aggregate planned expenditure curve as a result of an increase in the price level results in
A) no movement along the aggregate demand curve and no shift in the aggregate demand curve. B) an upward movement along the aggregate demand curve. C) a downward movement along the aggregate demand curve. D) a rightward shift in the aggregate demand curve. E) a leftward shift in the aggregate demand curve.
The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake. The marginal private cost when output equals 2 tons of paper per week equals
A) $50 per ton B) $100 per ton. C) $150 per ton. D) None of the above answers is correct.
"No country is abundant in everything." Discuss
What will be an ideal response?
The most distinguishing economic feature of money is its
A) medium of exchange role. B) store of value role. C) unit of account role. D) standard of deferred payment role.