If P were 6, V were 10, and Q were 2,000, how much is M?
What will be an ideal response?
10M = 12,000, M = 1200
You might also like to view...
In the short run, monopolistically competitive firms:
A. can earn positive economic profits by acting like a monopolist. B. can earn positive economic profits by acting like a perfectly competitive firm. C. will earn zero economic profits by acting like a monopolist. D. will earn zero economic profits by acting like a perfectly competitive firm.
The sum of all the individual demand curves for a product is called
a. income demand. b. equilibrium demand. c. complementary demand. d. market demand.
Suppose the government used the following formula to compute a family's tax liability: Taxes owed = 28% of income - $8,000 . How much would a family that earned $75,000 owe?
Refer to the figure below. Player A can infer that Player B will:
A. choose Left. B. choose Left when A chooses Up and choose Right when A chooses Down. C. choose Right. D. Player A cannot infer anything about what Player B will do given this matrix.