Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A pizza restaurant in Buffalo has demand given by P = 50 - 2Qd.Which of the following is correct? (Drawing the demand curve will be

A pizza restaurant in Buffalo has demand given by P = 50 - 2Qd.Which of the following is correct? (Drawing the demand curve will be helpful for answering this question)

a.The quantity demanded is 20 when the price is 20.

b.The highest price any consumer is willing to pay for the 5th slice of pizza is 30.

c.The vertical intercept of the demand curve is 25, at which the quantity demanded is zero.

d.The horizontal intercept of the demand curve is 25, which indicates the quantity demanded at a price of zero.

Given the following data, how many discouraged workers could there be?

Total population: 26.9 million.

Working age population: 22.1 million.

Number of unemployed: 3.8 million.

Number of employed: 15.6: million.

a.3 million

b.5 million

c.4 million

d.2 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Operations Research

Authors: Frederick S. Hillier, Gerald J. Lieberman

10th edition

978-0072535105, 72535105, 978-1259162985

Students also viewed these Economics questions