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Author Question: The total revenue from selling trucks is equal to a. the price of a truck times the quantity sold ... (Read 104 times)

washai

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on: Jul 1, 2018
The total revenue from selling trucks is equal to
 a. the price of a truck times the quantity sold
  b. the change in quantity sold divided by the change in price
  c. average cost times quantity produced
  d. the price of a truck times the quantity produced
  e. the price of a truck times the price elasticity of demand

Question 2

Total revenue is maximized where demand is inelastic.
 a. True
  b. False


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xiaomengxian

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


washai

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  • Posts: 523
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ttt030911

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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