Terry wants to sell his car and the lowest price he is willing to accept is $3,000 . Alice likes the car and is willing to pay at most $4,000 for it. What is the headroom for them?
a. Prices up to $1,000
b. Price range between $3,000 and $4,000
c. Prices above $4,000
d. Prices below $3,000
B
You might also like to view...
Refer to Figure 13-4. What is the area that represents the total fixed cost of production?
A) P1bdP3 B) 0P1aQa C) P0adP3 D) That information cannot be determined from the graph.
What criteria should be used in deciding the best definition of the money supply?
What will be an ideal response?
A perfectly competitive firm has a random demand with a 90 percent chance of being $100, a 5 percent chance of $90, and a 5 percent chance of being $80. What is the firm's expected marginal revenue?
A) $96.40 B) $98.50 C) $92.75 D) $90.50
According to the Phillips curve diagram, if a central bank disinflates what ultimately happens to the unemployment rate?