« previous next »

Author Question: If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the ... (Read 120 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price to 80, the demand for season tickets between the two prices is
 
  A) elastic.
  B) inelastic.
  C) marginal.
  D) unit elastic.

Question 2

If the Slamdunkers can sell 5000 season tickets for 100 and 6000 season tickets only by lowering the price (for all purchasers) to 80, our best estimate of the marginal revenue from sale of the 550th season ticket is
 
  A) 100.
  B) 90.
  C) 80.
  D) -20.


jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Cao Fei, RMB City, in Art in the Twenty-First Century, season 5 episode, "Fantasy". Cao Fei, RMB City, in Art in the Twenty-First Century, season 5 episode, "Fantasy".
After lowering the vehicle, be sure all arms of the lift are moved out of the way before driving the ... After lowering the vehicle, be sure all arms of the lift are moved out of the way before driving the ...
Mechansim of actions of lipid lowering drugs Mechansim of actions of lipid lowering drugs
The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum
Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ... Tickets for the school play were $3 for students and $5 for all others. The box office sold 750 ...
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library