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 282 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?

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?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Examples of the results of sexual selection, a type of natural selection. Examples of the results of sexual selection, a type of natural selection.
Summary of greenhouse experimental design and results Summary of greenhouse experimental design and results
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library