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

Author Question: If an increase in price results in no change in total revenue, then demand must be A) inelastic. ... (Read 319 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If an increase in price results in no change in total revenue, then demand must be
 
  A) inelastic.
  B) elastic.
  C) unit elastic.
  D) infinitely elastic.

Question 2

Firms use incentives to pursue their most fundamental goal, which is to maximize
 
  A) profits.
  B) sales revenue.
  C) worker satisfaction.
  D) worker pay.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


jake

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 29, 2018
Correct answers!


bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
Agonists, partial agonists, and antagonists: (a) An agonist results in maximum response. (b) A ... Agonists, partial agonists, and antagonists: (a) An agonist results in maximum response. (b) A ...
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Geoengineering is not a solution to climate change Geoengineering is not a solution to climate change
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Results of the serial dilution technique and subsequent culture of bacteria Results of the serial dilution technique and subsequent culture of bacteria
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library