Which of the following is the kind of decision that can be made at the margin:
a) whether or not to hire new workers
b) whether or not to go on a vacation
c) whether or not to build an extra room on a home
d) whether to have a dog or a cat as a pet
Ans: a) whether or not to hire new workers
Economics
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All of the following are examples of price discrimination EXCEPT
A) buy-one-get-one-free offers. B) "early bird specials" at a restaurant. C) lower ticket prices for matinee performances. D) "buy now, pay later" payment options.
Economics
Suppose that the price level has risen but the government has not collected any seigniorage. Which of the following might have happened?
A. V rose, M and Y were constant. B. Y rose, M and V were constant. C. M rose, Y and V were constant. D. M rose, Y fell, V was constant.
Economics