Assume Roger's income to spend on books and movie tickets is $48, and his budget constraint is represented by line B. What would cause his budget constraint to move to A?
A. Roger gets unlimited coupons for $2 off the price of a movie ticket.
B. Roger gets a raise at work.
C. The price of movie tickets increases to $8.
D. None of these changes would cause Roger's budget constraint to move from B to A.
Answer: A
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Refer to the above table. If the price is $5, the maximum economic profits this firm could earn is
A) $520. B) $420. C) $414. D) $106.
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A policy of marginal-cost pricing will ensure that many regulated industries will lose money
a. True b. False Indicate whether the statement is true or false