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Author Question: The price elasticity of demand for a printer is estimated to be 1 no matter what the price or ... (Read 116 times)

kamilo84

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on: Jul 1, 2018
The price elasticity of demand for a printer is estimated to be 1 no matter what the price or quantity demanded. An increase in price by 10 will
 a. Increase quantity demanded by 10
  b. Decrease quantity demanded by 10
  c. Increase demand by 10
  d. Decrease demand by 10

Question 2

The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
 a. risk-bearing theory of profit
  b. dynamic equilibrium theory of profit
  c. innovation theory of profit
  d. managerial efficiency theory of profit
  e. stochastic optimization theory of profit


lindahyatt42

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

b

Answer to Question 2

c


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kamilo84

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Reply #2 on: Jul 1, 2018
Thank you :)


lindahyatt42

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Reply #3 on: Jul 1, 2018
Happy to help you


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