A local restaurant offers an "all-you-can-eat" salad bar for $3.49. However, with any sandwich, a customer can add the "all-you-can-eat" salad bar for $1.49. This is an example of
A) peak-load pricing.
B) second-degree price discrimination.
C) a two-part tariff.
D) tying.
E) none of the above
E
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Suppose the intersection of the IS and LM curves is to the right of the FE line. What would most likely eliminate a disequilibrium among the asset, labor, and goods markets?
A) A rise in the price level, shifting the LM curve up and to the left. B) A fall in the price level, shifting the LM curve down and to the right. C) A rise in the price level, shifting the IS curve up and to the right. D) A fall in the price level, shifting the IS curve down and to the left.
If Japan could produce more steel in a year than the United States using the same amount of resources, then
a. Japan must have an absolute advantage in producing steel b. the United States must have a comparative advantage in producing steel c. Japan must have a comparative advantage in producing steel d. neither the United States nor Japan will have a comparative advantage in producing steel e. there would be no gains from specialization
Eric is maximizing his total utility with choices of two goods: clothes and food. His marginal utility of clothes is 60 and his marginal utility of food is 12 . The price of clothes is $20 . What must be the price of food?
a. $12 b. $6 c. $4 d. $1 e. $0
Though wages under bilateral monopoly are logically indeterminate, some wage rate is actually established in such market situations. Explain those economic and noneconomic factors that might be pertinent to the establishment of this wage
What will be an ideal response?