Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 24, 2024

whyanswer is D plz draw a graph 3. When the marginal revenue curve cuts the horizontal axis A) demand is relatively elastic. B) demand is

whyanswer is D plz draw a graph

3. When the marginal revenue curve cuts the horizontal axis A) demand is relatively elastic. B) demand is relatively inelastic. C) demand is perfectly elastic. D) demand is unitary elastic.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

978-0538453257

Students also viewed these Economics questions

Question

★★★★★

In the United States, the production of ethanol fuel from corn is subsidized. Use bid rent function analysis to suggest what effects this subsidy might be expected to have on land use.

Answered: 1 week ago

Question

★★★★★

Evan is the sole shareholder of Magic Roofing Company, a calendar year S corporation. Although Evan spends at least 30 hours per week supervising Magics employees, he has never drawn a salary from...

Answered: 1 week ago

Question

★★★★★

When reviewing a post closing trial balance, identify which accounts should have a zero balance

Answered: 1 week ago

Question

★★★★★

6. On what kinds of jobs might vicarious learning be cspecially prevalent'!

Answered: 1 week ago

Question

★★★★★

Smith Accounting Services is considering a special order that it received from one of its corporate clients. The special order calls for Smith to prepare the individual tax returns of the...

Answered: 1 week ago

Question

★★★★★

An investment project has a positive net present value. The internal rate of return is: Select one: less than the cost of capital. greater than the cost of capital. C. equal to the cost of capital. O...

Answered: 1 week ago

Question

★★★★★

QS 5-10Sale of merchandise transactionsperpetual LO3 Journalize each of the following transactions assuming a perpetual inventory system. Sept. 1 Sold merchandise to JenAir for $6,000 (cost of sales...

Answered: 1 week ago

Question

★★★★★

Fiscal Years Ended January 29, 2021 January 31, 2020 Current Earnings Net sales Amount % Sales Amount % Sales February 1, 2019 Amount % Sales $ 89,597 100.00% S 72,148 100.00 % $ 71,309 100.00% Cost...

Answered: 1 week ago

Question

★★★★★

Youve observed two CEOs balancing the work of governing and guiding and using themselves as leaders to drive change. Now think of yourself and assess your general capacity to balance between guiding...

Answered: 1 week ago

Question

★★★★★

You are a solution architect conducting a security model workshop for a customer. The customer uses the sharing feature in security for several security requirements. You need to evaluate the risks...

Answered: 1 week ago

Question

★★★★★

1. In the balance diagram below, a) Fill in the phase fields. (20 p.) b) Which of the alloys containing 2%, 80%, 93% B and 97% B can be (precipitation) hardening? Briefly explain age hardening. (30...

Answered: 1 week ago

Question

★★★★★

Dry cleaning is a $5 billion industry primarily because the natural fabrics popular today, such as wool and linen, require professional cleaning. For more than five decades, customers have known and...

Answered: 1 week ago

Question

★★★★★

A sole trader has income statement data for the year ended 31st December 2020: ending inventory $21,000, purchases $90,000, beginning inventory $15,000, sales $155,000 and sales returns and...

Answered: 1 week ago

Question

★★★★★

Drainee purchases direct materials each month. Its payment history shows that 65% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment...

Answered: 1 week ago

Question

★★★★★

7. (The Dow Jones Average puzzle) The Dow Jones Industrial Average is an average of the prices of 30 industrial stocks with equal weights applied to all 30 stocks (but the sum of the weights is...

Answered: 1 week ago

Question

★★★★★

6. (Volatility pumping) Suppose there are n stocks. Each of them has a price that is governed by geometric Brownian motion Each has v; = 15% and = 40%. However, these stocks are correlated, and for...

Answered: 1 week ago

Question

★★★★★

9. (Discrete-time, log-optimal pricing formula) Suppose there are assets Asset i, i = 1,2., has rate of return r, over a single period There is also a risk-free asset with rate of return ry The...

Answered: 1 week ago

Previous Question Next Question