« previous next »

Author Question: If advertising makes demand of a product more elastic, it makes sense for a firm to a. Decrease the ... (Read 122 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
If advertising makes demand of a product more elastic, it makes sense for a firm to
 a. Decrease the price of the product
  b. Increase the price of the product
  c. Leave the price unchanged
  d. None of the above

Question 2

Using the graphical method to demonstrate the break-even point, which of the following statements is NOT true?
 a. constant selling price per unit are represented by TR
 b. constant variable cost per unit is represented by TC
 c. variable costs increase at a constant rate of VC per unit of output
 d. below the point where TR and TC intersect, operating profits are realized
  e. all of these are true


lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Sheryl Crow - If It Makes You Happy Sheryl Crow - If It Makes You Happy
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Advertising Break-even Question Advertising Break-even Question
Product Rule Product Rule
Find derivative using product rule Find derivative using product rule
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library