An individual in the England wants to buy office equipment from England which costs $2,000 . If the exchange rate is 1pound=$1.9, how much will the office equipment cost him in pounds?

The figure above shows the demand, marginal revenue, and marginal cost curves for Paul's Parrot pillows, a single-price monopoly producer of pillows stuffed with parrot feathers

When Paul maximizes his profit, the difference between marginal cost and price is A) $0. B) $40. C) $60. D) $30. E) $20.

If P denotes the price of goods and services measured in terms of money, then

a. 1/P represents the value of money measured in terms of goods and services. b. P can be regarded as the "overall price level.". c. an increase in the value of money is associated with a decrease in P. d. All of the above are correct.