This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: With two-part pricing A) the consumer puts down a deposit and then pays the rest when she picks ... (Read 81 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jul 1, 2018
With two-part pricing
 
  A) the consumer puts down a deposit and then pays the rest when she picks up the goods purchased.
  B) the average price paid varies with the number of units purchased.
  C) the consumer is limited in the number of units that can be purchased.
  D) consumers are required to buy two units of a good.

Question 2

Using the CPI to compensate workers for inflation is appropriate because, in the face of a change in relative prices, people should be allowed to purchase the same bundle as they did before the price changes.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

essyface1

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

False. This assumes that people would still prefer the original bundle. Because they are facing a new set of relative prices, compensating people so that they could purchase the original bundle will allow them to be able to achieve a higher level of utility than they did before the price changes.


sheilaspns

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jul 1, 2018
Correct answers!


essyface1

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Paranasal sinuses are part of the upper respiratory system. Paranasal sinuses are part of the upper respiratory system.
Helping maintain accurate patient records is a critical part of the medical assistant's work. Helping maintain accurate patient records is a critical part of the medical assistant's work.
How to find the definite integral using the fundamental theorem of calculus (Part 2) How to find the definite integral using the fundamental theorem of calculus (Part 2)
How to expand a polynomial (Part 1) How to expand a polynomial (Part 1)
Steps in the process of translation (Part 2) Steps in the process of translation (Part 2)
Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 2) Inadequate Airway, Breathing and Circulation in the Trauma Patient (Part 2)
Video: X chromosome inactivation in calico cats

For a complete list of videos, visit our video library