« previous next »

Author Question: If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the ... (Read 129 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price to 80, the demand for season tickets between the two prices is
 
  A) elastic.
  B) inelastic.
  C) marginal.
  D) unit elastic.

Question 2

If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price (for all purchasers) to 80, our best estimate of the marginal revenue from sale of the 550th season ticket is
 
  A) 100.
  B) 90.
  C) 80.
  D) -20.


jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Stallion checking a mare in estrus. The mare welcomes the stallion by lowering her rear and lifting Stallion checking a mare in estrus. The mare welcomes the stallion by lowering her rear and lifting
Mechanism of Action of Lipid-Lowering Drugs Mechanism of Action of Lipid-Lowering Drugs
Mechanisms of action of lipid-lowering drugs. Mechanisms of action of lipid-lowering drugs.
If the entropy of a collection of molecules in 5000 boxes is 1.76 × 10-20 J/K, how many ... If the entropy of a collection of molecules in 5000 boxes is 1.76 × 10-20 J/K, how many ...
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library