« previous next »

Author Question: Demand is elastic when a price ________ results in total revenue ________. A) rise, decreasing ... (Read 77 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
Demand is elastic when a price ________ results in total revenue ________.
 
  A) rise, decreasing
  B) fall, decreasing
  C) rise, increasing
  D) fall; remaining constant

Question 2

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following is an example of a point that is inefficient?
 
  A) 0 chocolate bars and 100 cans of cola
  B) 20 chocolate bars and 80 cans of cola
  C) 32 chocolate bars and 40 cans of cola
  D) 38 chocolate bars and 0 cans of cola


macagn

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
Selected Complications of Total Parenteral Nutrition Selected Complications of Total Parenteral Nutrition
Actions of glucagon in liver that lead to a rise in blood glucose Actions of glucagon in liver that lead to a rise in blood glucose
The results from West and Crook's study of memory for telephone numbers The results from West and Crook's study of memory for telephone numbers
An electropherogram showing the results of a DNA profile analysis An electropherogram showing the results of a DNA profile analysis
Genotypes Give Rise to Phenotypes Genotypes Give Rise to Phenotypes
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library