Refer to the table below. What is the profit-maximizing price for Gorgeous Sands Resort to charge during the off-peak period?
The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units.
A) $2,500 B) $1,750 C) $2,000 D) $1,250
B) $1,750
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When the transactions costs involved in putting a project together exceed the difference in the value of land with the project completed and the value of the land without the project, the project should be undertaken
Indicate whether the statement is true or false
Which of the following are examples of intellectual property?
a. stocks and bonds b. houses, land, factories c. clothing and jewelry d. books, music, movies
In order to maintain a balanced budget, Congress has decided to cut taxes and government spending both by $25 billion. What will happen to GDP?
A. It will increase. B. It will remain the same. C. It will decrease. D. It’s impossible to know without the multiplier.
The central idea of supply-side tax cuts is that certain types of tax cuts will increase
A. aggregate demand. B. aggregate supply. C. the supply of imports. D. the supply of money.