Arnie's Airlines decides to offer different fares to different customers for the same tri
A) wants to convert consumer surplus to deadweight loss.
B) wants to help some buyers with lower fares.
C) has different costs for the same flight.
D) wants to convert consumer surplus to economic profit.
E) wants to convert producer surplus to consumer surplus.
D
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Which of the following statements is true of money?
A) Paper money was invented around 1,000 A.D. in China. B) Paper money was the first form of money to be invented. C) One of the limitations of paper money is that it does not function as a store of value. D) Fiat money was used in the barter system of exchange.
Of the following, who would probably have the highest income?
a. a couple, both of whom have high school educations and work at WalMart b. a husband who has a high school degree and a middle-management job and his wife, who is a full-time mother c. a couple, both of whom have high school educations; he is a high school teacher and she is a librarian d. a husband who has a college degree and is a high school teacher and his wife, who has an MBA and works as a insurance company executive e. a couple, both of whom have college degrees and are high school teachers
As you move along an indifference curve, your total utility increases or decreases depending on whether it's an upward or downward movement
a. True b. False Indicate whether the statement is true or false
Which one of the following statements is true?
a. A low discount rate is always better for environmental protection b. A high discount rate is always better for environmental protection c. A discount rate of zero is always best for environmental protection d. Discounting will decrease the magnitude of future costs and benefits e. High discount rates should be used to evaluate long-term impacts