In the above table, the price of the product is
A) $30.
B) $147.
C) $150.
D) $180.
A
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Big Pools is large swimming complex. Suppose senior citizens have a demand for entrance into Big Pools that is more than half of the adults demand for entrance and there are an equal number of senior citizens and adults. If Big Pools practices two-part pricing, to earn greater profit, Big Pools ________ adjust the membership fee to include ________.
A) should not; senior citizens B) should; only adults C) should; senior citizens D) should not; adults
Which of the following is an example of a natural monopoly?
a. national defense b. ocean fish c. cable TV d. pizza
The government receives all of the benefits associated with the production of a public good.
Answer the following statement true (T) or false (F)
The demand for Alaskan fishermen is the same as the demand for deep-sea divers in Hawaii. The annual earnings of Alaskan fishermen is 30% higher than the earnings of Hawaiian deep-sea divers. What is a possible explanation for this?
A. The amount of human capital needed to be a deep-sea diver must be greater than the amount of human capital necessary to be a fisherman in Alaska. B. Alaskan fishermen must face discrimination that is not encountered by Hawaiian deep-sea divers. C. Being a fisherman in Alaska must be more dangerous than being a deep-sea diver in Hawaii. D. Alaskan fishermen can work only part of the year, but deep-sea divers can work year round in Hawaii.