Table 11-3 This Table Describes the Defense Demands for Three Groups of Groups

question 151

Multiple Choice

Table 11-3
This table describes the defense demands for three groups of people in Happyville.The second,third,and fourth column shows the quantity that a group will demand for a given price (the first column) .

-Refer to Table 11-3.What is the value of the 33^rd unit of national defense in Happyville?

• A) $0
• B) $2
• C) $4
• D) $6

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Definitions:

Overbooked Customers

A situation where more customers are accepted than can be served, often used in reference to airlines and hotels.

Formula Calculation

The process of determining a value through a mathematical expression that involves operations on numbers or other expressions.

Product Sold

A measure indicating the quantity of an item offered that has been purchased by consumers.

Quantity

A property that can exist as a multitude or magnitude, which can be measured or quantified.