Which of the following would cause the demand curve for DVDs to shift to the right?
a. a decrease in the price of DVDs
b. a decrease in the price of DVD players
c. a change in the tastes towards watching movies in movie theaters
d. a decrease in the number of people in the market for DVDs
b
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Moving between two points on a PPF, a country gains 6 automobiles and forgoes 3 trucks. The opportunity cost of 1 automobile is
A) 2 trucks. B) 1 automobile. C) 1/2 of a truck. D) 3 trucks. E) 6 automobiles - 3 trucks.
A member of a corporate board of directors that does not have a direct management role in the firm is known as
A) a shareholder. B) a corporate governor. C) an inside director. D) an outside director.
When a monopoly price discriminates, it charges the highest price to the group of buyers with the least elastic demand
a. True b. False Indicate whether the statement is true or false
If the price of parsley is $1, and the price remains unchanged no matter how much parsley is produced, then the AR curve
a. is an upward-sloping straight line b. is a downward-sloping straight line c. lies above the MR curve d. lies below the MR curve e. is a horizontal line