Refer to Figure 16-6. Sensei's friend, Marcel, suggests that he charge a one-time membership fee to use the martial arts school, in addition to a per-class charge
Suppose Sensei charges the monopoly price for each class and also imposes a one-time membership fee. What is the maximum amount of revenue from the membership fee he can collect from all his customers?
A) an amount equal to the area A + B B) an amount equal to the area H + G
C) an amount equal to the area E + F D) an amount equal to the area A + C + H
A
Economics
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The price system always works instantaneously
Indicate whether the statement is true or false
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The real-nominal principle can be stated as
A) only final goods and services should be counted in GDP. B) only the manufacture of real goods is production. C) what matters to people is the purchasing power of money or income. D) production generates income.
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