Related to the Economics in Practice on page 358: Suppose you see the following advertisement for a vacation rental. "Beautiful condo on the Island of Maui (Hawaii). Sleeps 5. Great landscaped grounds, pool, and BBQ area. Lanai overlooks pool. $1,500 per week." It is likely true that the condo
A) doesn't have a view of the pool.
B) has no view other than the pool (i.e. no ocean, mountain, or city view).
C) is not on the island of Maui.
D) has an actual rental rate of $1600 per week.

Question

Quizplus · Accepted Answer

The advertisement only mentions a view of the pool from the lanai, and there is no mention of any other view. Therefore, it is likely that the condo has no view other than the pool.

Related to the Economics in Practice on Page 358: Suppose