Mixed bundling:
A. is the practice of selling several products together as a package.
B. is the practice of selling the same good to different types of consumers at different prices.
C. is the practice of selling several products together as a package while also offering those products for sale individually.
D. is the practice of selling goods in bulk at a reduced per unit price.
C. is the practice of selling several products together as a package while also offering those products for sale individually.
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Scarcity
a. exists because people have wants that are unlimited relative to the availability of resources to satisfy those wants b. applies when a resource is not freely available c. means that each society and each individual must make choices d. exists in all societies e. all of the above are true
Which of the following are the best examples of substitute goods?
a. personal computers and computer software programs b. milk and cookies c. Packard Bell and IBM personal computers d. hot dogs and mustard e. contact lenses and lens cleaning solutions
What is the unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed?
a. 20.2 % b. 16.8% c. 14.4% d. 11%
Which of the following term refers to the share of an activity’s marginal cost that is paid for by people other than those who carry out the activity?
A. Beneficial cost B. External cost C. Marginal private cost D. Marginal social cost