Tying can be thought of as a form of price discrimination

During a business cycle recession, total production ________ and total employment ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases

Refer to Table 2-19. What is Betty's opportunity cost of making a statue?

A) 1/2 of a bench B) 1.4 statues C) 1/3 of a bench D) 2 benches