if demand is such that p= 40 minus 2q

If demand is such that P = 40 - 20, then Select one: a. MR = 400 - 202 O b. MR = 40 - 40 O C. MR = 40- Q What is true at the quantity where total revenue is maximized? Select one: O a. MR is negative 0 b. Demand is inelastic. O c. MR is positive O d. The elasticity value = 1 "Every company needs to worry about a recession. " This statement should be modified because Select one: a. companies that sell inferior goods (negative income elasticity) will likely enjoy more sales during a recession with falling incomes. " b. companies with a negative cross-price elasticity will likely enjoy more sales because recessions do not affect the sales of complementary products. 0 c. companies that sell normal goods will likely enjoy more sales during a recession with falling incomes. 0 d. companies that sell goods with a high own-price elasticity of demand will likely enjoy more sales as their prices rise during a recession. Everyone knows that the biggest rival to your company (Frank's Fantastic Fudge-Filled Fedoras) is Nate's Nutella-eNgorged Neckerchiefs. On a lark and using sales and price data, you estimate the cross-price elasticity between Frank's and Nate's two products to be 0.08, while the cross-price elasticity between Frank's product and Cole's Cocoa-Covered Corduroy Caps is 1.12. Your calculations suggest that Select one: a. consumers consider Frank's and Cole's products to be better substitutes than are Frank's and Nate's products. O b. consumers consider Frank's and Cole's products to be more complementary to each other than are Frank's and Nate's products. O c. Frank's should be more concerned if Nate's drops the price of their product than if Cole's drops the price of their product. d. consumers consider Frank's and Nate's products to be better substitutes than are Frank's and Cole's products