Refer to Figure 15-4. What is the amount of the monopoly's total revenue?
A) $21,600 B) $20,400 C) $19,740 D) $7,800
B
Economics
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An import quota is an example of
A) a price ceiling. B) a price floor. C) a queuing device. D) a quantity restriction.
Economics
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is BD. Molly's income is $375, the price of a DVD is $15 and the price of a CD is $25. At point D she is buying ________ DVDs and ________ CDs.
A. 25; 15 B. 0; 15 C. 25; 0 D. 50; 30
Economics