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Author Question: The figure illustrates the demand for magazines. Newsagents will maximize their total revenue when ... (Read 30 times)

bobbie

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on: Jun 29, 2018
The figure illustrates the demand for magazines. Newsagents will maximize their total revenue when they ________.
 
  A) sell 375 magazines a day
  B) sell as many magazines as they can
  C) charge 2.50 a magazine
  D) sell 750 magazines a day

Question 2

A minimum wage ________.
 
  A) is a price ceiling in the labor market
  B) changes the demand for labor.
  C) is an effective way of increasing employment
  D) is a price floor in the labor market


TheDev123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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