Which of the following is an example of pure bundling?
A) a pair of pants
B) a pizza and beer lunch combo
C) an automobile
D) All of the above.
A
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When the Federal Reserve extends a discount loan to a bank, the monetary base ________ and reserves ________
A) remains unchanged; decrease B) remains unchanged; increase C) increases; increase D) increases; remain unchanged
In order for something to be used as money, it must be _____
a. issued by the government b. issued by banks c. declared to be money d. generally acceptable e. made of something valuable
The goal of the manager of a firm is sales maximization. The firm will produce
a. the output level at which MR = 0. b. as much output as it can. c. the same output that it would if the goal was profit maximization. d. the same output that it would if the goal was cost minimization.
As a firm's output expands, the
A. ATC will reach a minimum before the AVC. B. AVC will reach a minimum before the ATC. C. ATC and AVC will reach minimums at the same output.