Refer to row 3 in the table. The number appropriate for space Y is:
A. $24,000.
B. $32,000.
C. $48,000.
D. $96,000.
B. $32,000.
You might also like to view...
If the demand for coffee makers increases,
a. the quantity demanded will decrease. b. equilibrium price will increase and equilibrium quantity will decrease. c. equilibrium price will decrease and equilibrium quantity will increase. d. quantity supplied will increase. e. quantity supplied will decrease.
Companies use the foreign-exchange market to convert money for use in financial transactions.
a. true b. false
A price ceiling set above the equilibrium price of a good will result in a shortage.
Indicate whether the statement is true or false
Firms engage in explicit collusion when:
A. they predict what the other will do and attempt to undercut them. B. they collude without communicating, sustaining a price above the noncooperative price that would arise in a single competitive interaction. C. they communicate to reach an agreement about the prices they will charge. D. they communicate what type of good they will produce.