To buy season tickets at the new Levi's Stadium, 49ers fans have to buy a Personal Seat License (PSL) that then allows them to buy season tickets for the next 30 years. This is an example of
A) why the NFL shouldn't have anti-trust exemptions.
B) two-part pricing, where the PSL is the lump-sum payment.
C) pure bundling pricing.
D) positively correlated pricing.
B
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Based on this figure, if the official value of krone is fixed at $0.09 per krone, then the Norwegian krone is ________ and the international reserves of Norway will ________ krone per period.
A. overvalued; decrease by 5,500 B. undervalued; increase by 2,000 C. undervalued; increase by 5,500 D. overvalued; decrease by 2,000
At market equilibrium, the total benefit that results from all the transactions is
A. the sum of the producer surplus and the consumer surplus. B. the consumer surplus minus the producer surplus. C. the entire area under the demand curve up to the quantity exchanged. D. the producer surplus minus the consumer surplus.
The length of a loan is called the term.
Answer the following statement true (T) or false (F)
If demand increases and supply simultaneously decreases, equilibrium price will rise.
Answer the following statement true (T) or false (F)