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Home Q & A Board Other Fields Homework Help Business Economics
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zmudasam zmudasam
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5 years ago

Question 1.

Total revenues reach a maximum when

• demand is elastic.

• demand is unit-elastic.

• demand is inelastic.

• price elasticity is at a minimum.

Question 2.

If demand is unit-elastic throughout the demand curve, then total revenues are

• maximized at the midpoint of the demand curve.

• lower the higher the price.

• greater the higher the price.

• the same for any price the firm charges.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 86 times
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jesika1122jesika1122
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5 years ago
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zmudasam Author
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#2
5 years ago
Good timing, thanks!
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