What is the intuition that an expansion of an individual's budget set represents a gain?
A) More options are preferred to less.
B) Money is the root of all happiness.
C) Information is power.
D) Scarcity is avoidable with prosperity.
A
Economics
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Examine the following statements and identify the type of price discrimination in each case:
a. A popular club in a city waives its entry fees for women who arrive before 11 p.m. b. A combo meal of a burger, a soft drink, and fries at a fast food outlet costs less than how much it would cost to buy each separately. c. A guy selling counterfeit watches on the street states a different price to each person who wants to buy a watch.
Economics
Jill consumes nothing but soup and cola. It is possible that both soup and cola are necessities for Jill
Indicate whether the statement is true or false
Economics