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thanhha78 thanhha78
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7 years ago
Suppose that there is only one seller in the computer industry. If the demand curve that the only seller in the industry faces is a straight-line, downward sloping curve, at which point would the seller's total revenue be maximized?
A) at a point high on the demand curve, where elasticity is elastic
B) at a point low on the demand curve, but not at the very bottom
C) at the highest point on the demand curve, where price is the highest
D) at the midpoint of the demand curve, where elasticity is unitary
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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6 years ago
thnkkkkk .. always right
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