Reference no: EM132262448
Please if the following is True or False and explain why it is so
A. The reason why movie theater managers offer discounts to students is that they get a positive marginal utility by providing lower-income individuals with access to entertainment.
B.The price elasticity of demand for an industry is always smaller (in absolute terms) than the price elasticity of demand of firms within that industry.
C. The sum of all cross elasticity of demand (for substitute and complement goods) has to be equal to zero.
D. If the marginal cost curve slopes upward, then we have to revise the marginal revenue equals marginal cost principle, and add to it the fixed cost consideration.
E. Marginal cost curves are identical to supply curves.
F. The average cost can never be equal to the marginal cost.
G. The average cost is equal to the marginal cost only at one point; were the 2 curves intersect.
H. Transfer prices should be equal to the average variable cost, since fixed costs are irrelevant for economic decision-making.
Describe domestic policy that your party would believe in
: Name your political party. Identify and describe one domestic policy that your party would believe in. Give a paragraph description of that domestic policy.
|
Make choices when they acquire something
: Why do consumers make choices when they acquire something (jobs, money, friends, vacations, sleep, living places, etc.)?
|
Discuss two factors that helped to create the modern world
: Discuss two factors that helped to create the modern world, which began about 1500. Cannot use the printing press as an example. Must be 350-400 words.
|
What happened to the english population
: Consider whether you are a Malthusian pessimist or Jeffersonian optimist. Why? What happened to the English Population in the 19th century?
|
Positive marginal utility by providing lower
: The reason why movie theater managers offer discounts to students is that they get a positive marginal utility by providing lower-income individuals
|
Implementing an expansionary fiscal policy
: Is the USA government implementing an expansionary fiscal policy, which has been effectively giving the economy the right boost? Why or why not?
|
Why does the model make prediction
: According to the monetary approach to exchange rates model, what should happen to the dollar price of the Mexican peso? Why does the model make this prediction?
|
What is happening to the domestic price level
: What is happening to the domestic price level? Explain in one sentence.
|
What would arbitragers do
: Does covered interest rate parity hold in this case? If not, what would arbitragers do? [USA: home country, Australia: foreign country].
|