A movie monopolist sells to students and adults. The demand function for students is QdS = 600 - 100P and the demand function for adults is QdA = 1,200 - 100P. The marginal cost is $2 per ticket. Suppose the movie theater can price discriminate. How many tickets does the theater sell to students to maximize profits?
A. 2500
B. 500
C. 200
D. 600
C. 200
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The TANF program is funded by _____
a. user fees b. the federal government and the states c. the federal government only d. the states only
A margin requirement is
a. the minimum amount of reserves the Fed requires a bank to hold b. the interest rate that the Fed requires from banks who borrow from it c. the marginal interest rate on loans made by banks to other banks d. the maximum percentage of the price of a stock that can be borrowed from a bank, with the stock offered as collateral e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's policies
Suppose the central bank of Blugonia has the responsibility of controlling the supply of money in the economy. This responsibility of the central bank is considered a part of _____
a. budget balancing b. decentralized banking c. monetary policy d. trade policy
Recall the Application about craft beer and the increase in the price of hops to answer the following question(s).Recall the Application. Because hops are inputs in the production of beer, an increase in the production of beer resulted in:
A. an increase in the demand for hops. B. a decrease in the demand for hops. C. an increase in the quantity demanded for hops. D. a decrease in the quantity demanded for hops.