« previous next »

Author Question: The price elasticity of demand for a printer is estimated to be 1 no matter what the price or ... (Read 99 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
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

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
Reply #2 on: Jul 1, 2018
Thank you :)


lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

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?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Dark Matter Dark Matter
Estimated Number of New Sexually Transmitted Infections Estimated Number of New Sexually Transmitted Infections
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
A Matter of Wording A Matter of Wording
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Estimated times of divergence of human and Neanderthal genomic Estimated times of divergence of human and Neanderthal genomic
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library