« previous next »

Author Question: If the demand faced by a firm is elastic, selling one less unit of output will a. increase revenue. ... (Read 47 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jul 1, 2018
If the demand faced by a firm is elastic, selling one less unit of output will
 a. increase revenue.
  b. decrease revenue.
  c. keep revenues constant.
  d. decrease price.

Question 2

If the demand faced by a firm is inelastic, selling one more unit of output will
 a. increase revenues.
  b. decrease revenues.
  c. keep revenues constant.
  d. increase profits.


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

The energy input and output of glycolysis. The energy input and output of glycolysis.
A typical oil pressure sending unit on a Ford V-8. A typical oil pressure sending unit on a Ford V-8.
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
A spark tester connected to a spark plug wire or coil output. A typical spark tester will fire only ... A spark tester connected to a spark plug wire or coil output. A typical spark tester will fire only ...
Schematic depiction of the action of tryptophan synthase in one functional unit Schematic depiction of the action of tryptophan synthase in one functional unit
A Partially Filled 50-Unit Insulin Syringe A Partially Filled 50-Unit Insulin Syringe
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library