Economic growth focuses on ____________, utility focuses on ____________, and the capabilities approach focuses on __________________.
A. human development; individual pleasure; output
B. output; human development, individual pleasure
C. output; individual pleasure; human development
D. human development, output, individual pleasure
C. output; individual pleasure; human development
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Major firms charged with predatory pricing defend by saying that their prices are low because of superior efficiency
a. True b. False Indicate whether the statement is true or false
Tax Fighters, Inc., develops, markets, and sells software for tax preparation. Tax Fighters, Inc. sells IRS Tax Fighter, a software for completing federal income tax forms and Gopher Basher, a software for completing Minnesota state income tax forms. For simplicity, assume that all of the costs in this industry are the fixed costs of developing the software packages themselves. The marginal cost of producing another disk is approximately zero.Consider the following information about the demand for tax software. There are an equal number of consumers in each group. Figure 7.1 shows the maximum that each type of consumer is willing to pay for each product. As vice president for pricing, explain your optimal bundling and pricing strategy to maximize Tax Fighter profits from the sale of tax
software. Be sure to clearly explain why your strategy is optimal.
What will be an ideal response?
Referring to Figure 19.1, Mexican goods will become cheaper in the United States if the exchange rate goes from ________ to ________ pesos to the dollar
A) 13; 11 B) 13; 10 C) 12; 11 D) 12; 13
In the circular flow diagram, households sell _________ to business firms.
a. information b. products c. services d. labor