Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the question.
The price for which 100 units can be sold is $________.
A. 15
B. 25
C. 45
D. 10
E. 50
Answer: C
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Explain why wage rates might rise at Joe's Quik-Print Shop if Joe replaces his aging copy machines with state-of-the-art copy machines
Keynes' great book offered the promise of ending depressions through
a. investors reacting to lower interest rates. b. consumers taking over the ownership of factories. c. government nationalizing key industries. d. government influencing aggregate demand.
If there is a recession, the Fed would most likely encourage banks to provide loans by:
A. buying government securities. B. raising the discount rate. C. selling government securities. D. raising the federal funds rate.
Consider a labor market in equilibrium. If both demand curve and supply curve of labor shift to the right, then the wage rate in the market will:
A. increase. B. decrease. C. remain unchanged. D. either increase or decrease or remain unchanged.