Adrian's total utilities of two consumption bundles are 50 and 100. This implies that
A) Adrian prefers the first bundle.
B) Adrian prefers the second bundle.
C) Adrian likes the second bundle twice as much.
D) Adrian likes the first bundle twice as much.
B
Economics
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If information in the market for used motorcycles is symmetric and both buyers and sellers are equally ignorant, then
A) the market is efficient. B) both good and bad motorcycles will sell for the same price. C) if only good motorcycles are sold, the price would be higher. D) All of the above.
Economics
The greater the number of segments the seller can identify in the market, the more distinct prices it can charge
a. True b. False Indicate whether the statement is true or false
Economics