If V = 10, Q = 4,000, M = 800, then P
A. is 2.
B. is 4.
C. is 20.
D. is 40.
A. is 2.
You might also like to view...
The total value to society of having garbage removed is greater than the value of baseball games. Why, then, are baseball players paid more than garbage collectors?
A) Garbage removal results in significant external benefits that are not captured in the price paid for garbage removal. As a result, wages of garbage collectors do not reflect their social benefits. B) There is greater competition in the garbage collection industry than there is in Major League Baseball. C) Wages do not depend on total values but marginal values. The marginal revenue product of baseball players exceeds the marginal revenue product of garbage collectors. D) Although the total value of garbage removal is greater than the total value of baseball, wages are determined by average values.
Given the information in the table shown, what is the marginal revenue when 25 units are produced?
This table shows price and quantity produced for a single firm in a perfectly competitive market.
A. $250
B. $25
C. $10
D. $20
which of the following countries has better access to advanced imaging technology (measured in per capita terms) than any country in the world?
a. Great Britain b. Germany c. Canada d. Japan e. United States
Which of the following is not considered a barrier to entry?
A.) Control of essential factors of production B.) Equilibrium pricing C.) Import quotas D.) Brand loyalty