The general rule to increase profits when two close substitute brands are jointly owned is
a. Increase prices for both brands
b. Decrease prices for both brands
c. Increase prices on one brand, decreasing it for the other
d. Increase prices on one brand, keeping the prices of the second brand constant
a
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Vote trading in legislatures can lead to efficient outcomes that might otherwise not have been reached.
Answer the following statement true (T) or false (F)
________ is gross investment minus ________
A) The capital stock; net investment B) The capital stock; depreciation C) Depreciation; replacement investment D) Net investment; depreciation
The government provides public goods because
a. private markets are incapable of producing these types of goods. b. free-riders make it difficult for private markets to supply the socially optimal quantity. c. markets are always better off with some government oversight. d. external benefits will accrue to private producers.
Refer to the information provided in Table 2.1 below to answer the following question(s). Table 2.1?KrystalMarkWriting Poems812Writing TV Commercials24Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is
A. 1/4 of a poem. B. 2 poems. C. 4 poems. D. 6 poems.