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Author Question: From the economic point of view, why might a retired couple spend four hours a day on the golf ... (Read 44 times)

lilldybug07

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on: Jun 29, 2018
From the economic point of view, why might a retired couple spend four hours a day on the golf course when they could have spent their time becoming better informed about their elected representative in Congress?
 
  A) They are going to die soon so it really doesn't matter.
  B) They must love golf and hate politics.
  C) The congressperson must have wronged them.
  D) They consider golfing a more productive use of their time.

Question 2

Which of the following pricing practices, if proved, would prove a firm engaged in predatory pricing?
 
  A) The firm sets prices below marginal cost per unit.
  B) The firm sets prices below sunk cost per unit.
  C) The firm sets prices below total cost per unit.
  D) The firm sets prices low enough to drive all its competitors out of business.
  E) None of the above would prove predatory pricing had occurred.


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GCabra

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

D

Answer to Question 2

E


lilldybug07

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

deja

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Reply 3 on: Yesterday
:D TYSM

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