An Donation of $440,000 Is to Be Divided Between the YMCA

question 130

Multiple Choice

An donation of $440,000 is to be divided between the YMCA and the local food bank in the ratio of 8 to 3. How much money will the YMCA receive?

• A) $319,750
• B) $319,500
• C) $321,500
• D) $320,000
• E) $321,000

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Definitions:

Monopolist

A single seller in a market with no close substitutes for the product or service, giving them significant control over prices and output.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as the production volume varies.

Average Variable Cost

Variable cost divided by the quantity of output