According to the equation of exchange, if M = 200, P = 100, and Q = 10, the V is:
a. 20.
b. 2.
c. 10.
d. 5.
e. 2,000.
d
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What will be an ideal response?
The midpoint method is used to compute elasticity because it
a. automatically computes a positive number instead of a negative number. b. results in an elasticity that is the same as the slope of the demand curve. c. gives the same answer regardless of the direction of change. d. automatically rounds quantities to the nearest whole unit.
Which of the following is NOT an advantage of a partnership?
A. Profits are subject to only personal taxation. B. permits more effective specialization in occupations C. limited liability D. easy to form
When emissions are measured on the horizontal axis, the marginal cost of abating emissions is
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