Blog

  Assume a and b are variables that hold the base and height of a right triangle. The length of the long side (hypotenuse) is calculated as the square root of a^2 + b^2. Which expression calculates the length of the hypotenuse?  

Which of the prices from the demand schedule generate the most total                revenue?

Entrepreneurs:

Using dollar price as the rationing device means:

The difference between the highest price a buyer is willing to pay and the price                paid is:

The net benefit of having a market available for trading is:

The maximum combinations of two goods that an economy can produce is                represented on:

Using dollar price as the rationing device means:

What is the price elasticity of demand for a change in price from $25 to $20?

Because consumers will substitute lower-priced goods for higher-priced goods,                the price and the quantity demanded of a good are: