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Author Question: Refer to the Article Summary. How would the NFL know if it was operating on the elastic portion of ... (Read 49 times)

abarnes

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on: Jun 29, 2018
Refer to the Article Summary. How would the NFL know if it was operating on the elastic portion of the demand curve for Super Bowl tickets?
 
  A) If they decreased ticket prices and the total revenue from ticket sales did not change.
  B) If they increased ticket prices and the total revenue from ticket sales decreased.
  C) If they increased ticket prices and the total revenue from ticket sales increased.
  D) If they increased ticket prices and the total revenue from ticket sales did not change.

Question 2

Refer to Figure 2-12. What is the opportunity cost of producing one gallon of milk in Bora Bora?
 
  A) 1.5 gallons of honey B) 0.8 gallons of honey
  C) 1.125 gallons of honey D) 2/3 of a gallon of honey


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Brenm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


abarnes

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Sarahjh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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