Figure 4.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from:

A. point a to point b.
B. point c to point b.
C. D2 to D1.
D. D0 to D1.

Answer: D

Economics

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In a bargaining solution, a player's net surplus is

A) the amount of total surplus minus any deadweight loss. B) the difference between what the player receives in the final bargain minus what she would have gotten from the disagreement point. C) the amount of consumer surplus she receives minus any deadweight loss. D) always maximized.

Economics

If the apartment owner can somehow see the effort of the each of the room mates and punishes with a loss of 5 to any room mate who doesn't clean, is that likely to lead to a more efficient outcome?

a. No because they would have to clean against their will b. Yes because now they would both get a utility of 3 c. No because neither of them like cleaning d. No because filth is good

Economics