« previous next »

Author Question: Demand is elastic when a price ________ results in total revenue ________. A) rise, decreasing ... (Read 76 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
Demand is elastic when a price ________ results in total revenue ________.
 
  A) rise, decreasing
  B) fall, decreasing
  C) rise, increasing
  D) fall; remaining constant

Question 2

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following is an example of a point that is inefficient?
 
  A) 0 chocolate bars and 100 cans of cola
  B) 20 chocolate bars and 80 cans of cola
  C) 32 chocolate bars and 40 cans of cola
  D) 38 chocolate bars and 0 cans of cola


macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

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?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
Results Seen in Mono-Diff Tests Results Seen in Mono-Diff Tests
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm Areas of the United States, Mexico, and Cuba will be affected by a rise of just 100 cm
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Increasing/decreasing Functions Increasing/decreasing Functions
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library