« previous next »

Author Question: If the demand faced by a firm is elastic, selling one less unit of output will a. increase revenue. ... (Read 24 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?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

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.
Firm handshake Firm handshake
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
A Partially Filled 100-Unit Insulin Syringe A Partially Filled 100-Unit Insulin Syringe
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library