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

Author Question: Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is ... (Read 216 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: May 24, 2019
Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is $4 and the quantity is 100 units. Then the
◦ total revenue is at its maximum when 100 units are produced.
◦ marginal revenue is positive at 100 units.
◦ marginal revenue is negative at 100 units.
◦ Both answers total revenue is at its maximum when 100 units are produced and marginal revenue is positive at 100 units are correct.
◦ Both answers total revenue is at its maximum when 100 units are produced and marginal revenue is negative at 100 units are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lilldybug07 on May 24, 2019

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


lilldybug07

  • Member
  • Posts: 546
Reply 2 on: May 24, 2019
:D TYSM

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

The linear meiosis of Neurospora The linear meiosis of Neurospora
How to solve a linear system when the variable is in the denominator position (Question 2 of 2) How to solve a linear system when the variable is in the denominator position (Question 2 of 2)
Substitution, Linear Systems Substitution, Linear Systems
Diagram illustrating the difficulty encountered during the replication of the ends of linear chromos Diagram illustrating the difficulty encountered during the replication of the ends of linear chromos
Linear programming problems Linear programming problems
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library