Big Pools is large swimming complex. Suppose adults have a demand for entrance into Big Pools that is less than half of the teenagers demand for entrance and there are an equal number of adults and teenagers. If Big Pools practices two-part pricing, to earn greater profit, Big Pools ________ adjust the membership fee to include ________.
A) should not; adults
B) should; adults
C) should not; teenagers
D) should; all consumers
A) should not; adults
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The Federal Open Market Committee was established to give the Fed the power to change reserve requirements
a. True b. False Indicate whether the statement is true or false
For a nation, ownership of natural resources:
a. Is essential for economic growth. Without it, nations would not have the ability to grow. b. Must expand as the nation grows because the nation needs to own natural resources to be able to export goods to the rest of the world. c. Is not as important to growth as access to natural resources. d. None of the above is true. e. All of the above are true.
Consumer will always consume more of a good if their income increases
a. True b. False Indicate whether the statement is true or false
Is the firm a perfect competitor or an imperfect competitor? Explain.
