With two-part pricing

A) the consumer puts down a deposit and then pays the rest when she picks up the goods purchased.
B) the average price paid varies with the number of units purchased.
C) the consumer is limited in the number of units that can be purchased.
D) consumers are required to buy two units of a good.


B

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

Economics

In any efficiency wage model, it must be true that

a. the marginal benefit of increased efficiency is equal to the marginal cost of higher wages. b. nominal wages are inflexible. c. disequilibrium in the labor market exists. d. all of the above. e. none of the above.

Economics

The largest share of the typical American family budget goes to:

a. goods b. health care c. housing d. transportation

Economics

Which of the following is a short-run decision?

A. Because of an increase in enrollment, the economics department hires two new professors. B. After a new classroom building is built, the economics department hires two new professors. C. Your college builds a new classroom building. D. The economics department buys new computers for the professors.

Economics