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9 OF 26 QUESTIONS REMAINING Page 18 of 26 Question 18 1 Point Imagine a very small economy in which there are only four people and only one product. William is willing to pay $10 for one of the product, $8 for a second, $6 for a third, $4 for a fourth, and $1 for every one after that until he has a total of twenty. James is willing to pay $3 for every item up to 10, then he cannot buy any more because he has only $30. Adriana is willing to pay $2 for each of the first three of the item, then $1 for a fourth, but no more. Gerardo is willing to pay $8 for one of the product, $3 for a second, and $1 for a third, but no more. How many of this product will be sold if the price is $1? What if the price is $3? (A) 40, 20 B 10, 25 C 37, 16 D 25, 10 Last saved 10:55:45 AM Questions Filter (26)? KFirst Previous Next > Last > Continue

          9 OF 26 QUESTIONS REMAINING
Page 18 of 26
Question 18
1 Point
Imagine a very small economy in which there are only four people and only one product. William is willing to pay $10 for one of the
product, $8 for a second, $6 for a third, $4 for a fourth, and $1 for every one after that until he has a total of twenty. James is willing
to pay $3 for every item up to 10, then he cannot buy any more because he has only $30. Adriana is willing to pay $2 for each of the
first three of the item, then $1 for a fourth, but no more. Gerardo is willing to pay $8 for one of the product, $3 for a second, and $1
for a third, but no more.
How many of this product will be sold if the price is $1? What if the price is $3?
(A) 40, 20
B 10, 25
C 37, 16
D 25, 10
Last saved 10:55:45 AM
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9 OF 26 QUESTIONS REMAINING
Page 18 of 26
Question 18
1 Point
Imagine a very small economy in which there are only four people and only one product. William is willing to pay 10 for one of the
product,8 for a second, 6 for a third,4 for a fourth, and 1 for every one after that until he has a total of twenty. James is willing
to pay3 for every item up to 10, then he cannot buy any more because he has only 30. Adriana is willing to pay2 for each of the
first three of the item, then 1 for a fourth, but no more. Gerardo is willing to pay8 for one of the product, 3 for a second, and1
for a third, but no more.
How many of this product will be sold if the price is 1? What if the price is3?
(A) 40, 20
B 10, 25
C 37, 16
D 25, 10
Last saved 10:55:45 AM
Questions Filter (26)?
KFirst Previous Next > Last >
Continue

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