A Firm's Demand Curve Is Given by Q = 800

question 40

Multiple Choice

A firm's demand curve is given by Q = 800 - 2P,where P = price and Q = quantity.Therefore,its inverse demand equation is _____.

• A)MR = 800 - 4P
• B)P = 800 - 2Q
• C)P = 400 - 0.5Q
• D)P = 800 - 0.5Q
• E)800 = Q + 2P

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Definitions:

Gross Working Capital

The total of all current assets of a company, indicating the liquid resources available for day-to-day operations.

Accounts Payable

Liabilities of a business that represent its obligations to pay off a short-term debt to its creditors or suppliers.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted to cash in the short term.

Pledged Receivables

Assets owed to a company that have been used as collateral for a loan or other financial agreement.