--%>
Assignment Help - homework help

Changing effects of price of a product and total revenue

Increasing the price of a product will raise total revenue proportionally into the unlikely event which demand was: (1) perfectly price elastic. (2) relatively price elastic. (3) unitarily price elastic. (4) relatively price inelastic (5) perfectly price inelastic.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Controlling costs in the short run

    Executives at the helms of monopolies that may pay little attention to controlling costs within the short run, but during the long run the monopoly will tend to be operated into a technically efficient fashion since: (w) the firm will

    		•
  • Q : Labor Unions and Union membership I

    I have a problem in economics on Labor Unions-Union membership. Please help me in the following question. The union membership is most widespread among: (1) White collar workers. (2) Managers and Supervisors. (3) Blue collar workers. (4) Young, upward

    		•
  • Q : Firms and Transaction Costs An

    An individual or organization which simultaneously purchases low and sells high in various markets is a/an: (i) Angel duster. (ii) Escalator. (iii) Arbitrageur. (iv) Finagler.  (v) Optimizer. Can someone please help me in find

    		•
  • Q : Oligopoly and economic welfare in long

    In an oligopoly, as opposite to monopolistic or pure competition, industry output within the long run is probable to be: (1) lower along with reduced prices. (2) about similar but with higher prices. (3) lower and with higher prices.

    		•
  • Q : Stable negatively-sloped demand curve

    Assume that a monopolist face a stable negatively-sloped demand curve. Making more sales needs the monopolist to: (1) advertise its product. (2) decrease the price of the product. (3) lower its marginal revenue. (4) improve its technology. (5) increas

    		•
  • Q : Workers preference of leisure The

    The backward bending supply curve for the labor takes place when: (1) Firms want to hire only some quantity of labor. (2) There is a change in elasticity of the resource supply. (3) Workers prefer leisure over added income over some wage. (4) Minimum wage legislation

    		•
  • Q : Reduction of consumption of Inferior

    Brian, a poor college student, eats pinto beans or Ramen Noodles for dinner every night. After the graduation, he takes a job with a beginning salary of $50,000 per year. This modification in income is most probable to: (1) Decrease his consumption of both the product

    		•
  • Q : Purely competitive industry in long run

    When a purely competitive industry is into long run equilibrium, in that case the total: (w) costs of all the firms’ combined outputs are minimized. (x) revenues of the industry are maximized. (y) welfare of society is at its mi

    		•
  • Q : Shutting down the average expected

    All firms will shut down when the average expected revenue by selling output fails to exceed expected: (w) average total cost. (x) marginal cost. (y) average fixed cost. (z) average variable costs. I need a good an

    		•
  • Q : Rates of Return of Cash Flow Assume

    Assume that an apartment complex is predicted to produce a consistent net $800,000 cash flow yearly in rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When its current price is $10

    		•