The figure above shows the market for airline tickets. In early 2008 firms negotiated lower wages with their workers. This change is shown in the figure as a shift from

Refer to Figure 16-5. Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the total revenue collected by the firm?

A) $6,720 B) $7,680 C) $10,240 D) $13,440

In the early stages of development, educational spending should be focused on

a. basic literacy b. agricultural skills c. basic technical skills d. accounting and management skills e. all of the above