Which of the following is a cause of higher birth rates in developing countries?
a. Children are viewed as a source of farm labor
b. Children are viewed as economic and social security as the parents age
c. Higher child mortality rates engender higher birth rates
d. All the answers are correct
e. None of the answers is correct
D
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At point S, the economy is operating at approximately _______ unemployment?
Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table below shows the reservation prices of the eight students enrolled in the class.StudentReservation Price($/Book)Q60R54S48T42U36V30W30X30 If Campus Books is permitted to charge 2 prices, and the bookstore knows customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them, then the bookstore will set the list price of the book to be ______ and the discounted price of the book to be ________.
A. $30; $18. B. $36; $24 C. $30; $24 D. $36; $30
Matt has decided to purchase his textbooks for the semester. His options are to purchase the books online with next day delivery at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. The benefit to Matt of buying his books at the university bookstore instead of online is:
A. $9 B. $175 C. $5 D. $170
Figure 3.6 illustrates a set of supply and demand curves for hamburgers. A decrease in supply and a decrease in quantity demanded are represented by a movement from:
A. point a to point d. B. point c to point d. C. point c to point a. D. point b to point c.