All of the following are tangible goods except:
a. a skateboard
b. a desk.
c. a train locomotive.
d. fairness.
d
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Suppose a single-price monopoly sells 3 units of a good at $20 per unit. If the monopoly sells 4 units, the total revenue increases to $72. What price is being charged for 4 units?
A) $52 each B) $18 each C) $60 each D) $12 each E) $20 each
Which of the following can result in a decrease in the demand for I-Pods in the short run?
A) a decrease in the population B) a decrease in real household incomes C) a decrease in the price of MP4s D) All of the above
Unions whose membership is confined to workers with a particular skill are known as
a. industrial unions b. limited unions c. regional unions d. craft unions e. inclusive unions
In this graph, when disposable income is 3,000, consumption is
A. 2,000.
B. 2,500.
C. 3,000.
D. 3,500.