Author Question: Firm X both produces automobiles and owns gas stations. If decides to decrease the gas to induce ... (Read 19 times)

appyboo · **on:** Jul 1, 2018

Firm X both produces automobiles and owns gas stations. If decides to decrease the gas to induce higher sales for the automobiles, it means that
a. the gas and the automobiles are complements
b. the gas and the automobiles are substitutes
c. the gas and the automobiles are not related in demand
d. none of the above

Question 2

At a carnival roulette wheel, a player can either win 10, 30, or 80 . At what cost of play should the player expect the wheel to be fair?
a. 10
b. 20
c. 30
d. 40