This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If supply is price-inelastic and demand is price-elastic, then the firm can earn positive profits by ... (Read 64 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 30, 2018
If supply is price-inelastic and demand is price-elastic, then the firm can earn positive profits by increasing the price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Wanda Rumble promotes boxing matches. She makes 6,500 per fight. Which cost is most relevant to a decision as to whether to promote one more fight?
 a. the total cost of promoting all boxing matches during the year
  b. the marginal cost of promoting one additional boxing match
  c. the average fixed cost of promoting a boxing match
 d. the average total cost of promoting a boxing match


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jun 30, 2018
Wow, this really help

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

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 immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Use a DMM set to read DC volts to check the voltage drop of the positive circuit to the fuel ... Use a DMM set to read DC volts to check the voltage drop of the positive circuit to the fuel ...
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Mechanisms of positive control of transcription Mechanisms of positive control of transcription
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library