The figure below shows a single consumer's demand for ice cream at the student union. 
If there are 1,000 students on campus during a regular semester, and each student's weekly demand for ice cream is shown above, then when the student union charges $3.00 per scoop, those 1,000 students purchase a total of ________ scoops per week.
A. 1,000
B. 400
C. 4,000
D. 2,000
Answer: C
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Recall the Application. Greece faced a major financial crisis in 2010 as its budgetary imbalance became quite severe. Since Greece is a member of the Euro-zone, it could no longer ________ as a potential solution to its financial problems
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If a price floor is set below the current market clearing price, then
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Explain why some costs are considered to be variable and some fixed. How does time enter into the definition?