Budweiser typically purchases several 30 second advertising spots during the Super Bowl at a very high cost. Miller Brewing Co typically does not advertise during the Super Bowl. Which of the following is correct?
a. Budweiser chooses to signal during the Super Bowl, while Miller Brewing Co. does not.
b. Budweiser chooses to screen during the Super Bowl, while Miller Brewing Co. does not.
c. Miller does not advertise during the Super Bowl because it has a superior product and the audience already knows that.
d. Budweiser's advertisements during the Super Bowl are entertaining but convey no information about the quality of its products.
a
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Firms can acquire access to savings directly ________
A) by issuing securities B) through the payment of taxes to the federal government C) by borrowing from banks D) through the depositing of funds in depository institutions
A consumer chooses an optimal consumption point where the
a. marginal rate of substitution is maximized. b. slope of the indifference curve exceeds the slope of the budget constraint by the greatest amount. c. ratio of the marginal utilities equals the ratio of the prices. d. All of the above are correct.
In order to be successful in a market economy, entrepreneurs must
What will be an ideal response?
A union may attempt to obtain stricter certification requirements or longer apprenticeships. These changes would raise workers' wages because they:
A. create unnecessary unemployment. B. shift in labor supply curve leftward. C. decrease the marginal product of labor. D. reduce management's use of featherbedding.