The Save More Tomorrow (SMarT) program is an example of a:
A. weak commitment device that was successful.
B. strong commitment device that was successful.
C. weak commitment device that was unsuccessful.
D. strong commitment device that was unsuccessful.
A. weak commitment device that was successful.
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Which of the following is not an example of De Beers Diamonds trying to increase consumer demand?
a. sending the marketing message that a diamond lasts forever b. ads that illustrate that a diamond should remain in the family and not be sold c. informing potential customers about how diamonds lose monetary value over time d. introducing the idea of the diamond engagement ring e. the "spirit ring" as a sign of independence
If a firm in a perfectly competitive market raises its price:
a. it will sell less but earn more revenue. b. it will sell less but earn the same revenue. c. it will sell exactly the same amount. d. it will sell less or more depending on elasticity. e. it will sell nothing.
Suppose the Inkuyo family invests in the local bottling corporation. Albert, Brad, Carol, and Diana each invest separately. At the end of a very successful quarter, Carol and Brad receive a payment from the corporation equal to 10 percent of their investment. Albert receives 7 percent, but is paid before Carol or Brad. Diana receives 6 percent and is paid before Albert. If Albert knew how much he
was going to receive before the check arrived, he most likely invested in a. common stock b. preferred stock c. indirect stock ownership d. mutual funds e. low-yield dividends
Under which of the following conditions would a profit-maximizing monopolist necessarily raise price?
A. If product demand was price-inelastic B. If marginal revenue was greater than marginal cost. C. If product demand was price-elastic. D. If marginal cost was greater than marginal revenue.