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Author Question: On a linear demand curve that intersects both axes A) the elasticity exceeds 1.00 at all prices. ... (Read 25 times)

ARLKQ

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on: Jun 29, 2018
On a linear demand curve that intersects both axes
 
  A) the elasticity exceeds 1.00 at all prices.
  B) the elasticity is less than 1.00 at all prices.
  C) the elasticity equals 1.00 at all prices.
  D) the elasticity decreases as the price falls and quantity increases.

Question 2

Laura is a manager for HP. When Laura must decide whether to produce a few additional printers, she is choosing at the margin when she compares
 
  A) the total revenue from sales of printers to the total cost of producing all the printers.
  B) the extra revenue from selling a few additional printers to the extra costs of producing the printers.
  C) the extra revenue from selling a few additional printers to the average cost of producing the additional printers.
  D) HP's printers to printers from competing companies, such as Lexmark.


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cadimas

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

D

Answer to Question 2

B


ARLKQ

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

smrtceo

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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