Jan heads to the store to buy burgers for dinner. Seeing a sale on hot dogs, she buys those instead. The change in her demand for burgers is due to which factor?

In the figure above, a perfectly price-discriminating monopoly will maximize profit by producing at amount of output equal to

A) h. B) j. C) k. D) none of the above.

The flaw of the Classical model of the business cycle is that it

A) assumes away output fluctuations. B) assumes complete wage rigidity. C) assumes unrealistic fooling of workers. D) requires procyclical wage movements and continuous labor market equilibrium.