In the figure above, Nike maximizes its profit if it sells ________ pairs of shoes per day
A) 120
B) 87
C) 137
D) 150
A
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The value of the multiplier is likely to fall if there is a decrease in
A. total spending. B. income. C. the marginal propensity to consume. D. consumption.
Monetary policy has no effect on equilibrium income when the
A) LM curve is positively sloped. B) IS curve is negatively sloped. C) IS curve is vertical. D) IS curve is horizontal.
When a binding price ceiling is imposed on a market to benefit buyers,
a. no buyers actually benefit. b. some buyers benefit, but no buyers are harmed. c. some buyers benefit, and some buyers are harmed. d. all buyers benefit.
A good that would be counted as consumption in GDP would be the:
A. Subway sandwich Tony ate for lunch. B. common stock Tony purchased for his 401(k). C. $10 Tony received after winning a bet with his friend. D. $50 in wages Tony received that day from working all afternoon.