Teresa faces prices of $6.00 for a unit of good X and $1.50 for a unit of good Y. At her optimum, Teresa is willing to give up 1 unit of good X for __________ units of good Y

Refer to Table 15-3. If Comcast maximizes its profits how much profit will it earn?

A) $84 B) $40 C) $4 D) Comcast will break even.

The quantity theory of money assumed

A) that an increase in prices causes a proportionate increases in real GDP. B) a fall in the velocity of money causes a proportionate increase in the money supply. C) a rise in money supply causes a proportionate fall in velocity. D) the fraction of income people desire to hold in the form of money is a constant.