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Author Question: If M = 100, Y = 500 and P = 2, then V is equal to A) 0.10 B) 1. C) 10. D) ... (Read 42 times)

lilldybug07

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on: Jun 29, 2018
If M = 100, Y = 500 and P = 2, then V is equal to
 
  A) 0.10
  B) 1.
  C) 10.
  D) 50.

Question 2

Which of the following is TRUE regarding a collusive agreement? I. It is illegal in the United States. II. Two or more producers agree to restrict output or raise prices. III. Firms' profits are never maximized under this sort of agreement.
 
  A) I and II
  B) I and III
  C) II and III
  D) I, II and III


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1_Step_At_ATime

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

C

Answer to Question 2

A


lilldybug07

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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