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

Author Question: If supply is price-inelastic and demand is price-elastic, then the firm can earn positive profits by ... (Read 82 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 30, 2018
If supply is price-inelastic and demand is price-elastic, then the firm can earn positive profits by increasing the price.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Wanda Rumble promotes boxing matches. She makes 6,500 per fight. Which cost is most relevant to a decision as to whether to promote one more fight?
 a. the total cost of promoting all boxing matches during the year
  b. the marginal cost of promoting one additional boxing match
  c. the average fixed cost of promoting a boxing match
 d. the average total cost of promoting a boxing match


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jun 30, 2018
Wow, this really help

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
HIV-positive men with a high number of life stressors progress more quickly to AIDS than those with ... HIV-positive men with a high number of life stressors progress more quickly to AIDS than those with ...
How to find two positive angles less than 360° that have a tangent of −2.25 How to find two positive angles less than 360° that have a tangent of −2.25
Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ... Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ...
Negative and positive feedback loops Negative and positive feedback loops
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Video: Pericarditis

For a complete list of videos, visit our video library