When the Price of a Good Is $65,the Quantity Demanded

question 46

Multiple Choice

When the price of a good is $65,the quantity demanded of a good is 80 units,and the quantity supplied of the good is 40 units.For every $10 increase in the price of this good,quantity demanded falls by 10 units and quantity supplied rises by 10 units.The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.

• A) $55; 30
• B) $75; 50
• C) $75; 70
• D) $85; 50
• E) $85; 60

Grasp the concept of neuropsychological conditions affecting behavior and emotion.

Understand the historical context of emotion research.

Recognize the effects of brain damage on emotion and behavior.

Identify common anxiety disorders and their characteristics.

---

Definitions:

Production Cost Pool

is a collection of direct and indirect manufacturing costs that are assigned to products based on specific allocation criteria.

Activity Rate

A measure used in activity-based costing to allocate overhead costs to products or services, based on specific activities or cost drivers.

Machine Hour

A measure of production time, used as a basis for allocating manufacturing overhead costs to products based on machine usage.

Factory Overhead Rates

A calculation used in manufacturing to allocate indirect costs, like utilities and salaries, to products.