Inferior goods
Substitutes
Complements
Free goods
Correct answer is B
No explanation has been provided for this answer.
12 bags
24 bags
28 bags
30 bags
Correct answer is C
Q - 36 + 0.4P = 0
Q = 36 - 0.4(20)
36 - 8 = 28
Income is diminished
Income remains the same
Utility is diminished
Population is high
Correct answer is B
No explanation has been provided for this answer.
Given that TR is total revenue, then TRn -TR (n-1) can be used to find the
Marginal revenue
Marginal cost
Average cost
Average revenue
Correct answer is A
No explanation has been provided for this answer.
Total profit made after sales
Amount spent on purchase
Amount of goods produced
Total money realized from sales
Correct answer is D
No explanation has been provided for this answer.