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

Author Question: If a firm decreases the price of a good and total revenue decreases, then A) the demand for this ... (Read 165 times)

haleyc112

  • Hero Member
  • *****
  • Posts: 600
on: Jul 1, 2018
If a firm decreases the price of a good and total revenue decreases, then
 
  A) the demand for this good is price elastic.
  B) the demand for this good is price inelastic.
  C) the cross elasticity is negative.
  D) the income elasticity is less than 1.

Question 2

In the ultimatum experiment, what are the usual outcomes?
 
  A) Proposer proposes to give the minimum positive amount to the responder in all the rounds.
  B) Proposer and responder are rational all the time.
  C) Proposer proposes to give about 3040 of total amount to the responders.
  D) Proposer proposes to give 6070 of total amount to the responders


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


haleyc112

  • Member
  • Posts: 600
Reply 2 on: Jul 1, 2018
Wow, this really help

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
Selected Complications of Total Parenteral Nutrition Selected Complications of Total Parenteral Nutrition
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Potatoes are a good source of complex carbohydrates Potatoes are a good source of complex carbohydrates
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Optic Nerve and Optic Disk Animation (Part 1 of 2)

For a complete list of videos, visit our video library