The total revenue received by sellers of a good is computed by
A. multiplying the price times the quantity sold.
B. dividing the percentage change in quantity by the percentage change in price.
C. adding the price and the quantity sold.
D. multiplying the percentage change in price times the percentage change in quantity.
Answer: A
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A) 26 thousand forks B) 0 spoons C) 16 thousand spoons D) 20 thousand forks
What are the three types of gains from international transactions between the residents of different countries?
What will be an ideal response?
Japan and Germany are two major __________-oriented systems
A) securities B) equities C) banking D) markets
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a. price will rise. b. the firm's per-unit cost will increase. c. the firm's per-unit cost will fall. d. the market price will return to its initial position.