Refer to the table above. Assuming that the market consists of only these three sellers, what is the market supply when the price is 2?
A) 39 units B) 52 units C) 89 units D) 41 units
Question 2
Which of the following statements is true?
A) Exponential growth refers to growth by the same amount in every time period.
B) To depict variables that have exponential growth, it is more convenient to use an axis with a proportional scale.
C) Linear growth refers to growth by the same proportion in every time period.
D) To depict variables that have exponential growth, it is more convenient to use an axis with a linear scale.
Consider two countries: country A and country B. At the beginning of year 2010, the GDP per capita in both countries is 2,400. The annual growth rate of output in country A is 3, while the annual growth rate of output in country B is 5.
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