This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On a linear demand curve that intersects both axes A) the elasticity exceeds 1.00 at all prices. ... (Read 41 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
On a linear demand curve that intersects both axes
 
  A) the elasticity exceeds 1.00 at all prices.
  B) the elasticity is less than 1.00 at all prices.
  C) the elasticity equals 1.00 at all prices.
  D) the elasticity decreases as the price falls and quantity increases.

Question 2

Laura is a manager for HP. When Laura must decide whether to produce a few additional printers, she is choosing at the margin when she compares
 
  A) the total revenue from sales of printers to the total cost of producing all the printers.
  B) the extra revenue from selling a few additional printers to the extra costs of producing the printers.
  C) the extra revenue from selling a few additional printers to the average cost of producing the additional printers.
  D) HP's printers to printers from competing companies, such as Lexmark.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


ARLKQ

  • Member
  • Posts: 571
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Titration Curve Titration Curve
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
How to manually solve a linear system with three variables without matrices (Question 1 of 2) How to manually solve a linear system with three variables without matrices (Question 1 of 2)
The original Supply and Demand graph The original Supply and Demand graph
The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ... The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ...
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: Requirements for nervous signals

For a complete list of videos, visit our video library