Harry's HVAC refuses to sell diagnostic software and spare parts of its heating and cooling systems to third parties. Why would it want to do that?
a. To ensure that the customer knows that they are stuck with Harry's service technicians
b. To ensure that only the highest paid personnel get to service the units
c. To ensure that the customers do not buy second-class servicing and then infer faulty design if a unit breaks down due to inadequate service
d. All of the above
c
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Consumers should continue to rearrange their consumption of two goods until:
a. the prices of the two goods are equal for the last dollar spent on each good. b. marginal utility is the same for each good for the last dollar spent on each good. c. the marginal utility per dollar's worth of the two goods is the same for the last dollar spent on each good. d. the same amount of each is purchased.
The GDP gap measures the amount by which:
A. Nominal GDP exceeds real GDP B. Actual GDP exceeds equilibrium GDP C. Potential GDP exceeds actual GDP D. Actual GDP exceeds national income