The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell an MP3 player is $12. If he receives 60% of the MP3 sales revenue, then
A) Nick will sell 38 MP3 players.
B) Nick will sell 50 MP3 players.
C) Nick will receive $270 as profit.
D) total profit is $342.
C
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The main difference between regular open-market operations and quantitative easing (QE) is:
A. that open-market operations is conducted by the Fed, while quantitative easing is mandated by congress. B. whether the Fed is trying to increase or decrease interest rates C. the type and term of the financial assets targeted. D. whether the Fed is buying or selling financial assets
How does the text distinguish between government and the market?
A) The government is the place around the capital city; the market is everywhere else. B) The government is populated with publicly-spirited people; the market is populated with selfish people. C) The government is based on cooperation; the market is based on competition. D) In all of the above ways. E) In none of the above ways.
A tax cut is likely to cause:
A. An increase in consumer spending. B. A decrease in saving. C. A decrease in aggregate demand. D. An increase in government spending.
Each of the following hurt the savings and loan industry in the 1980s except
A. the recession of 1981-1982. B. falling real estate prices. C. the falling prices of junk bonds. D. falling interest rates.