Under the buy one, get one free regime, the:
A. budget set expands.
B. price is reduced by 50 percent.
C. budget line rotates counterclockwise.
D. indifference curve is changed.
Answer: A
You might also like to view...
Which of the following would be an implicit cost for a business owner?
A. The $40,000 profit for this fiscal year B. The $10 per unit cost for production of widgets C. The $50,000 salary the entrepreneur could be making as a CPA D. The $1500 electric bill for his business
What are some of the questions about the macro prudential tools?
What will be an ideal response?
When you purchase a pair of wireless earbuds,
A. you are buying consumption goods. B. you are buying capital goods. C. you are buying physical capital. D. you are consuming intermediate goods.
The FDIC helps prevent
A. risky behavior on the part of bankers. B. bank runs. C. inflation. D. risky behavior on the part of depositors.