« previous next »

Author Question: The equation of exchange states that the price level is equal to A) the quantity of money. B) ... (Read 68 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
on: Jun 29, 2018
The equation of exchange states that the price level is equal to
 
  A) the quantity of money.
  B) velocity of circulation multiplied by the quantity of money divided by real GDP.
  C) real GDP multiplied by the velocity of circulation divided by nominal GDP.
  D) the velocity of circulation.

Question 2

Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is 17.50 what is the firm's profit-maximizing output?
 
  A) 2 tattoos per hour
  B) 3 tattoos per hour
  C) 4 tattoos per hour
  D) 5 tattoos per hour


macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

The left-hand rule states that if a coil is grasped with the left hand, the fingers will point in ... The left-hand rule states that if a coil is grasped with the left hand, the fingers will point in ...
Impacts of rising sea level Impacts of rising sea level
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Equation Equation
The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ... The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Structures that affect circulation - kidneys and blood volume and skeletal muscle pumping

For a complete list of videos, visit our video library