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Author Question: Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is ... (Read 208 times)

lilldybug07

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on: May 24, 2019
Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is $4 and the quantity is 100 units. Then the
◦ total revenue is at its maximum when 100 units are produced.
◦ marginal revenue is positive at 100 units.
◦ marginal revenue is negative at 100 units.
◦ Both answers total revenue is at its maximum when 100 units are produced and marginal revenue is positive at 100 units are correct.
◦ Both answers total revenue is at its maximum when 100 units are produced and marginal revenue is negative at 100 units are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by lilldybug07 on May 24, 2019

makaylafy

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lilldybug07

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

Animal_Goddess

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Reply 3 on: Yesterday
Excellent

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