--%>
Assignment Help - homework help

Determine total revenue by quantity and price graph

In this demonstrated figure, the total revenue: (w) varies inversely along with price in range b. (x) is minimized at the midpoint of the demand curve. (y) remains unchanged like price changes within range b. (z) will raise as price falls within range a.

1046_Total Revenue and Elasticity.png

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Constant shortages of a good problem

    Constant shortages of a good are nearly always attributable to: (1) legal ceiling prices which are set beneath equilibrium. (2) Recessions which yield maximum unemployment rates. (3) Price gouging by firms through monopoly power. (4) Legal price floor

    		•
  • Q : Economic efficiency for pure competition

    Pure competition yields economic efficiency through: (w) punishing profit maximizing behavior. (x) forcing firms to adopt the least costly technologies available. (y) generating high profits as incentives. (z) rewarding entrepreneurs

    		•
  • Q : Problem on Substitution Effect The cost

    The cost of cashmere plummets and most of the people start employing this once costly material as pillow covers and to knit sweaters for their pets. This is an illustration of: (i) The income effect. (ii) The change in preferences and taste. (iii) The law of diminishi

    		•
  • Q : Shut down by drastically raise price in

    Mom and Pop Ping-Pong Balls is an established table tennis supply store within a small city. You are the owner of Ping-Pong Megastore as well and you have just opened up a location in their small city. When you set prices so low which Mom and Pop is forced to shut dow

    		•
  • Q : Determine income elasticity of demand

    This given figure as in below demonstrates how the consumption of goods A, B, C and D differs as a family’s income changes. There income elasticity of demand equivalents 1 for: (w) good A. (x) good B  (y) good C. (z) good D

    		•
  • Q : Costs of rate of return The rate of

    The rate of return for an asset which costs $1,500 today and pays $1,800 a year from now is: (1) 5 percent. (2) 10 percent. (3) 15 percent. (4) 17.5 percent. (5) 20 percent. Please choose the right answer from abov

    		•
  • Q : Short run in Substitution process In

    In the short run, simple and cheap new cures for cancer and heart disease would most likely decrease the: (i) Gains of tobacco companies. (ii) Absentee rates of nearly all young workers. (iii) Demands for the hospital beds in intensive care units. (iv) Supplies of doc

    		•
  • Q : Monopsonist-marginal resource cost Can

    Can someone please help me in finding out the accurate answer from the following question. The monopsonist will hire the labor until labor's marginal resource cost equivalents the: (i) Marginal revenue product of the labor. (ii) Marginal physical product. (iii) Value

    		•
  • Q : Problem on Exploitation Exploitation

    Exploitation takes place when firms pay resource owners less than their: (i) Maximum resource cost. (ii) Values of marginal product. (iii) Rates of the economic profit. (iv) Marginal revenue products. Find out the

    		•
  • Q : Demand in a specific period In adding

    In adding up to price, the quantity of a good bought throughout a given period is recognized by: (1) Income. (2) Tastes and preferences. (3) Numbers of buyers in market. (4) Prices of associated goods. (e) All of above. Can someone

    		•