Joanne can choose to selectively disclose information to her superiors in an attempt to elicit decisions in her favor if:
a. the information is easily available to all.
b. she is the only source of the information concerned.
c. the information is easily verifiable.
d. there are other sources of the same information in the firm.
B
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Keeping in mind the Coase theorem, in the figure above, if the residents of the town own the lake, the market does what?
A) overproduces 120 tons of pesticide B) underproduces 120 tons of pesticide C) overproduces 60 tons of pesticide D) produces the efficient quantity of pesticide
Why do economists care about aggregate expenditures?
What will be an ideal response?
Giving presents on Christmas does NOT generate a deadweight loss if
A) all gift are money. B) everybody gets exactly want she wants. C) nobody can be made better off by returning the gift and purchasing a different one. D) All of the above.
Which of the following is not an example of price discrimination?
a. Senior citizen discount at the movies b. Grocery coupons c. Children haircuts d. Charging a higher price for ice-cream during the summer and a lower price in the winter