(Consider This) Brinley is the hottest new pop singer, but his agent discovers that Internet sales of Brinley's music have been poor due to Internet piracy, but concerts are regularly sold out and merchandise (such as T-shirts) sells well. If Brinley
wants to enhance profits, economists would most likely recommend that he:
A. charge more for downloads, concerts, and merchandise.
B. cut prices for downloads, concerts, and merchandise.
C. only give concerts.
D. keep prices of downloads low and raise prices for concerts and merchandise.
Answer: D
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Since 1990, the aggregate emissions of criteria air pollutants have decreased 59 percent despite
a. population increasing 24 percent. b. gross domestic product (or aggregate production in the USA) increasing 65 percent. c. vehicle-miles traveled increasing 40 percent. d. energy consumption increasing 15 percent. e. All of the above. f. None of the above.
Every point on the joint production possibilities frontier represents
A) an initial endowment. B) inefficient production. C) the marginal rate of substitution of goods for each producer. D) at least one producer specializing in production.