« previous next »

Author Question: An increase in income causes, the price for ipads _____________ and the quantity demanded for ipads ... (Read 259 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
An increase in income causes, the price for ipads _____________ and the quantity demanded for ipads ____________.
 a. Increase; increase
 b. Increase; decrease
  c. Decrease; increase
  d. Decrease, decrease

Question 2

Half of all your potential customers would pay 10 for your product but the other half would only pay 8 . You cannot tell them apart. Your marginal costs are 4 . If you set the price at 10, the expected profit is:
 a. 3
  b. 4
  c. 5
  d. 6


Sierray

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library