Figure 7-7
In Figure 7-7 at 100 units, FC equals
a.
1,000.
b.
1,800.
c.
800.
d.
80.
a
Economics
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Compensation of employees is the largest component of national income
Indicate whether the statement is true or false
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The demand for pizzas in a large town is written as:
Qd = 120 - 10P + 5Pb - 0.5Ps - 10Y, where Qd is the quantity demanded, P is the price, Pb is the price of burritos, Ps is the price of soft drinks sold in the pizza restaurants, and Y is personal income per month (in thousand dollars). If there is a $1,000 increase in personal income, how will the Qd change? A) increase by 10 B) decrease by 10 C) unchanged D) not enough information provided
Economics