When buying a used car from a dealer, showing up in cheap clothing and ungroomed is an example of:
A. statistical discrimination.
B. signaling.
C. screening.
D. building a reputation.
Answer: B
Economics
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An increase in taxes will cause
A) a reduction in investment. B) an increase in investment. C) no change in investment. D) no change in autonomous spending.
Economics
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000.
At Straker Industries, average variable cost (AVC) reaches its minimum value at ________.
A. $72.80 B. $24.50 C. $121.80 D. $33.60
Economics