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ECON 120: Friday 12/06 Lecture Notes

ECON 120
Friday, December 6, 2019
Lecture Notes

29. Which of the following statements is TRUE?
a. Airlines enhance profit by bundling, whereas Microsoft enhances profit by unbundling.
b. The market demand for labor has an upward sloping segment (violating the “law of demand”)
c. It is normal for firms to have a negative marginal cost.

d. McDonald’s is primarily a real estate company.

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