Answer:
$18
Explanation:
Since the manufacturer sold twice as many units of Q than P, that means it at least sold 1 unit of P and 2 units of Q.
to determine the arithmetic mean (average) revenue per unit:
total revenue = P + 2Q = $20 + (2 x $17) = $20 + $34 = $54
arithmetic mean (average price) = $54 / 3 = $18
<span>GDP per capita is not a good measure of the standard of living because there is no attention paid to the price level in GDP per capita. For example, your GDP could be really high such as in places like Japan(largest economy in the world at the moment) so their GDP per capita is high. However, their cost of living is also very high(due to lack of land area) leading to a low standard of living.</span>
<u>If advertising draws more price sensitive consumers into the set that are willing to pay for a particular brand, this will increase the price elasticity of demand facing the brand</u><u>.</u>
It is not true that all governments have an "agricultural inventory", incentives are simply granted to produce in the field. This only benefits producers, who can sell their products at a lower price. The poorest can only access it by being an active part of the production process (sale-purchase).
A. Traders borrowing money from their brokers.