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

Author Question: See the information in Scenario 4.4. Suppose that the price should increase slightly from 10, how ... (Read 133 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Jul 1, 2018
See the information in Scenario 4.4. Suppose that the price should increase slightly from 10, how will this affect the total expenditure of consumers on the game?
 
  A) Total expenditures will increase.
  B) Total expenditures will not change.
  C) Total expenditures will decrease by a larger percentage than the price increase.
  D) Total expenditures will decrease by a smaller percentage than the price increase.
  E) either C or D could be true.

Question 2

Technological improvement
 
  A) can hide the presence of diminishing returns.
  B) can be shown as a shift in the total product curve.
  C) allows more output to be produced with the same combination of inputs.
  D) All of the above are true.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Silverbeard98

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


james0929

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Jul 1, 2018
Thank you


Silverbeard98

  • Sr. Member
  • ****
  • Posts: 355
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Mechanisms that convey positional information during embryonic development. Mechanisms that convey positional information during embryonic development.
Comparing Traditional and Industrialized (and Information) Societies Comparing Traditional and Industrialized (and Information) Societies
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
Use the information in the above table to establish a Born-Haber cycle to determine the ... Use the information in the above table to establish a Born-Haber cycle to determine the ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library