Refer to Scenario 3 . If half the workers build huts and half of the workers gather coconuts, what would be the production on the island?
What will be an ideal response?
In one day, the inhabitants would produce three huts and 75 coconuts.
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If the prices of computer tablets rise, we would expect the number of tablet covers purchased to
A) increase. B) decrease. C) be equal to ten. D) be equal to one.
At a fast food restaurant, a large drink is twice as big as a small drink, but the restaurant charges 79¢ for the small drink and only 99¢ for the large drink. This situation is probably not a case of price discrimination because
a. the restaurant cannot easily prevent resale. b. people who buy large drinks order more food than people who buy small drinks. c. the cost of serving a large drink is not twice the cost of serving a small drink. d. the fast food restaurant has no monopoly power.