Related to the Economics in Practice on page 360: 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 specifically mentions that the lanai overlooks the pool, which implies that the primary view from the condo is of the pool. This does not necessarily mean it has no other views, but the emphasis on the pool view suggests that other desirable views (like ocean, mountain, or city views) may not be prominent or available.

Related to the Economics in Practice on Page 360: Suppose