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

Author Question: The total revenue from selling trucks is equal to a. the price of a truck times the quantity sold ... (Read 51 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jul 1, 2018
The total revenue from selling trucks is equal to
 a. the price of a truck times the quantity sold
  b. the change in quantity sold divided by the change in price
  c. average cost times quantity produced
  d. the price of a truck times the quantity produced
  e. the price of a truck times the price elasticity of demand

Question 2

Total revenue is maximized where demand is inelastic.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


washai

  • Member
  • Posts: 523
Reply 2 on: Jul 1, 2018
Excellent

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

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?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

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 ...
A rod/piston assembly from a 5.9 liter Cummins diesel engine used in a Dodge pickup truck. A rod/piston assembly from a 5.9 liter Cummins diesel engine used in a Dodge pickup truck.
An orange has four times the fiber of six ounces of orange juice An orange has four times the fiber of six ounces of orange juice
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library