Movie theaters often charge different people different prices for admission. Why don't theaters charge different prices for popcorn and other food items?
A) It is difficult to limit the resale of food items from those who pay low prices to those who would have to pay high prices from the concession stand.
B) Once people are in the theater, concession stands have monopoly power and can charge everyone the same high prices for food.
C) Although the elasticity of demand for admission differs among customers, most people have the same the elasticity of demand for food items.
D) Concession stand personnel are too busy to ensure that different people pay different prices for food items.
Question 2
Which of the following is an example of foreign direct investment?
A) American Airlines builds a hub in China.
B) A stock broker from China sells you a Chinese government savings bond.
C) You buy a plane that was made in China.
D) You purchase a plane ticket to China on American Airlines.
Eugène Delacroix, Liberty Leading the People.
Vocational interests seem to be established well before adulthood, and young people of all ages ...
Upward social mobility, though welcome, can place people in a world so different from their world of ...
People using walkers typically have a high level of mobility impairment.
Government By the People, 2016 Presidential Election, 26th Edition
The charge for telephone calls T is partly constant and partly varies with the number N of ...