When Apple put together a set of mobile apps with its iPhone, it was practicing
A) a loss leader.
B) tie-in sales.
C) bundling.
D) compacting.
Answer: C
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Which value is higher? a) $1,000 today or b) $10,000 in 20 years if the interest rate is 12%.
What will be an ideal response?
Most individual's income peaks when they are about
A. 65. B. 25. C. 40. D. 50.
According to the No Marginal Improvement Principle for Boundary Choices, if X* is a best choice, then:
A. if only a marginal increase in the activity level is possible, the MB ? MC at X*. B. if only a marginal increase in the activity level is possible, the MB ? MC at X*. C. if only a marginal decrease in the activity level is possible, the MB ? MC at X*. D. MB = MC at X*.
Tom says the economy should focus more on producing fun things people can buy if it is going to grow. Sam says if the economy is going to grow, it should consume less now and invest in education, factories, and research. Who is right and why?
What will be an ideal response?