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Author Question: If the demand is ________, a fall in price ________ total revenue. A) elastic; increases B) ... (Read 68 times)

Pea0909berry

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on: Jun 29, 2018
If the demand is ________, a fall in price ________ total revenue.
 
  A) elastic; increases
  B) elastic; decreases
  C) inelastic; increases
  D) inelastic; does not change

Question 2

The above table shows the short-run total product schedule for the campus book store. When the fifth employee is hired, the marginal product is ________ and is ________ the average product.
 
  A) increasing; greater than
  B) increasing; less than
  C) decreasing; greater than
  D) decreasing; less than


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Pswine

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Pea0909berry

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

sailorcrescent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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