Carol Anne makes candles. If she charges $20 for each candle, her total revenue will be
a. $1,000 if she sells 100 candles.
b. $500 if she sells 25 candles.
c. $20 regardless of how many candles she sells.
d. $200 if she sells 5 candles.
b
Economics
You might also like to view...
Which of the following is likely to lead to a left shift in the demand curve for labor in the printing ink manufacturing industry?
A) A decrease in the price of printers B) An increase in the demand for printers C) An increase in the price of printing ink D) A decrease in the demand for printing paper
Economics
Suppose $1 buys 1.20 euros in January and then it buys 1.10 euros in the following December. As a result
A) the dollar has appreciated. B) the euro has appreciated. C) the euro has depreciated. D) both answers A and C are correct.
Economics