The socialization rationale for public education implies that private schools _____
a. are more segregated along class and perhaps racial lines
b. are more homogenous
c. are often organized around an exclusionary orientation
d. all of the above
d
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What is a patent race?
What will be an ideal response?
What is a better pricing strategy for the monopolist? At this price, what are the total profits to the monopolist?
a. Bundle the goods at $2,800 . Profits=$5,600 b. Bundle the goods at $4,000 . Profits=$8,000 c. Charge $2,800 for good 1 and charge $1,700 for good 2; Profits=$4,500 d. Charging the lowest price for each good individually is the best pricing strategy; profits = $7,000
When you are able to supply others with goods and services they value highly relative to your opportunity costs,
What will be an ideal response?
Based on the graph showing the run-up of nominal home prices, if a person had wanted to buy a house, hold it for five years, and then sell it for a profit, which of the following years would have been the best to make the purchase in?
a. 1899
b. 1941
c. 1984
d. 2001