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 168 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
Excellent

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black
Take a good look at this woman Take a good look at this woman
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Peanut butter is good source of protein Peanut butter is good source of protein
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library