Tommy's total utility for 5 action figures would be
Table-Demand and Utility Table for action figures
A. $6.
B. $14.
C. $30.
D. $50.
D. $50.
Economics
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A car that is produced in 2016 is not sold until 2017. According to the definition of GDP, in which year's GDP should it be counted?
A) Half of the sales price will count as part of 2016 GDP and half will count as part of 2017 GDP. B) The production cost will count as part of 2016 GDP while the sales price will count as part of 2017 GDP. C) 2017 D) 2016
Economics
Which of the following could be the price elasticity of demand for a good for which a decrease in price would decrease revenue?
a. 0.8 b. 1 c. 1.8 d. 2.4
Economics