If V were 8, P = 4, and M = 700, how much would Q be?
What will be an ideal response?
5,600 = 4Q, $1,400 = Q
You might also like to view...
The aggregate production function of an economy shifts upward when ________ produce a higher output
A) the same amount of capital and labor B) the same amount of capital and a higher amount of labor C) a higher amount of capital and labor D) the same amount of labor and a higher amount of capital
Suppose that in most car collisions between cars of unequal size, the smaller car sustains the most damage and its occupants suffer the most injury. In answering the following question, assume that, on average, smaller cars generate less air pollution than larger cars and that every person in the economy drives at least one car. Suppose the size of all cars increased by 25 percent. Collisions between two cars would cause ________ and air pollution would ________.
A. greater injury; increase B. neither greater nor less injury; increase C. less injury; increase D. neither greater nor less injury; remain the same
Based on the graph showing the effects of a government budget deficit, how would a budget deficit affect the equilibrium quantity of loanable funds exchanged?
a. It would create a higher equilibrium quantity of loanable funds exchanged.
b. It would create a lower equilibrium quantity of loanable funds exchanged.
c. It would have no influence on the equilibrium quantity of loanable funds exchanged.
d. It would drive the equilibrium quantity of loanable funds exchanged to zero.
When the short-run marginal cost curve is upward-sloping,
A. Diminishing returns occurs with greater output. B. There are diseconomies of scale. C. The average total cost curve is upward-sloping. D. The average total cost curve is above the marginal cost curve.