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Author Question: Publishers charge much higher prices for a book in hardcover than for the same book in paper cover ... (Read 192 times)

EY67

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on: Jun 29, 2018
Publishers charge much higher prices for a book in hardcover than for the same book in paper cover because
 
  A) the demand for hardcover books is less elastic at the same price.
  B) the marginal cost of attaching hardcovers is very high.
  C) there are larger sunk costs in the production of hardcover editions.
  D) they have less bargaining power against bookstores in marketing paperback editions.
  E) they want to subsidize students.

Question 2

What is required for a negative externality to occur?
 
  A) The intention or plan to directly impose costs on others
  B) The full costs of an action aren't taken into account
  C) A total lack of concern for other people's welfare
  D) Greed


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jordangronback

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


EY67

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Reply 2 on: Jun 29, 2018
Excellent

lkanara2

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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