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

Author Question: Average costs curves initially fall a. Due to declining average fixed costs b. Due to rising ... (Read 113 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
Average costs curves initially fall
 a. Due to declining average fixed costs
  b. Due to rising average fixed costs
  c. Due to declining marginal costs
  d. Due to rising marginal costs

Question 2

When demand elasticity is ____ in absolute value (or ____), an increase in price will result in a(n) ____ in total revenues.
 a. less than 1; elastic; increase
  b. more than 1; inelastic; decrease
  c. less than 1; elastic; decrease
  d. less than 1; inelastic; increase
  e. none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Mr.Thesaxman

  • Member
  • Posts: 514
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

A fixed action pattern as an example of innate behaviour. A fixed action pattern as an example of innate behaviour.
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Average Pulse Rates by Age Average Pulse Rates by Age
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library