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Economics 20 multiple choice questions |(NO woRD COUNT)

Economics 20 multiple choice questions |(NO woRD COUNT) - Essay Example

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19. A car dealer wants to get rid of the stock of last year’s…

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Level: Undergraduate
Pages: 4 (1000 words)
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At price OP the consumer spends the amount OPRQ. There is a possibility that this commodity will be withdrawn from the market. What is the most that she would be willing to pay for the right to continue buying quantity OQ at price OP? 25. Assume that when price is $20, quantity demanded is 9 units, and when price is $19, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10

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