Shin's uncompensated demand for widgets is given by Q = 10/p. According to this demand, Shin's Marginal Willingness to Pay function is
A) 10/Q.
B) 10/p.
C) 10Q.
D) -10/p2.
A
You might also like to view...
The requirement that a minimum volume of ethanol is blended into the U.S. fuel supply is an example of a. a corrective tax
b. a corrective subsidy. c. a command-and-control policy. d. the Coase Theorem.
By definition, equity finance
a. is accomplished when units of government sell bonds. b. is accomplished when firms sell bonds. c. is accomplished when firms sell shares of stock. d. involves "fair" interest rates or dividend yields.
Which is the most accurate statement about Wal-Mart?
A. It proves the case that bigness is always bad. B. It proves the case that bigness is always good. C. Directly and indirectly it saves American consumers up to $100 billion a year. D. It has used its monopoly power to force price increases.
Greater emphasis on self-sufficiency and trading less with foreign countries would increase incomes and living standards in the United States
a. true b. false