Ajewelry store has a discount for customers who purchase multiple pairs of earrings: after paying full price for one pair of earrings, the second pair is 15% off. john goes to the store and finds a pair of earrings he likes that is sold for $40 per pair, so he purchases two pairs for a total cost of $74.which of the following must be true? a. john's willingness to pay for the first pair is no more than $74.b. john's willingness to pay for the second pair is at least $34.c. john's willingness to pay for the two pairs of earrings is at least $74.d. john's willingness to pay for the second pair is lower than his willingness to pay for the first pair.
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The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.
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Ajewelry store has a discount for customers who purchase multiple pairs of earrings: after paying f...
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