Assume a company can offer customers cable television and Internet service at essentially zero marginal and average cost
The following table shows each customer's marginal willingness to pay for television, Internet services, and for a bundle containing both. If television and Internet services are sold separately, the profit maximizing prices are Television Internet Bundle Alex $100 $60 $160 Rebecca $80 $100 $180 A) television $100 and Internet services $60.
B) television $80 and Internet services $100.
C) television $80 and Internet services $60.
D) television $100 and Internet services $100.
C
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A Treasury bill with an original maturity of six months currently sells for $972.58. The bill was issued 30 days ago. An investor who purchases this bill today would have a yield on a discount basis of __________ percent
A) 6.58 B) 5.50 C) 5.42 D) 6.49
The most significant form of revenue in developed countries is the income tax
a. True b. False
Which of the following is a distinguishing characteristic of the oligopoly market structure?
a. easy entry b. difficult entry c. many, many firms d. many, many close substitutes e. firms's horizontal demand curves
In a famous article published in 1958, A.W. Phillips used data for the United Kingdom to show a negative relationship between the rate of change of wages in the U.K. and the U.K. unemployment rate
a. True b. False Indicate whether the statement is true or false