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 39 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
Excellent

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ Coronary circulation. (A) Coronary vessels portraying the complexity and extent of the coronary circ
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Positive ring precipitin test. Positive ring precipitin test.
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library