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

Author Question: Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is ... (Read 229 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: May 24, 2019
Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is $4 and the quantity is 100 units. Then the
◦ total revenue is at its maximum when 100 units are produced.
◦ marginal revenue is positive at 100 units.
◦ marginal revenue is negative at 100 units.
◦ Both answers total revenue is at its maximum when 100 units are produced and marginal revenue is positive at 100 units are correct.
◦ Both answers total revenue is at its maximum when 100 units are produced and marginal revenue is negative at 100 units are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lilldybug07 on May 24, 2019

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


lilldybug07

  • Member
  • Posts: 546
Reply 2 on: May 24, 2019
Excellent

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Linear Perspective Linear Perspective
How to manually solve a linear system with three variables without matrices (Question 1 of 2) How to manually solve a linear system with three variables without matrices (Question 1 of 2)
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Graphing linear equations Graphing linear equations
The original Supply and Demand graph The original Supply and Demand graph
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library