Assignment Help - homework help

Elasticity of demand as price-total revenue rise

Increasing the price of a product definitely raises total revenue when the elasticity of demand is as: (w) infinity. (x) unitary. (y) relatively elastic. (z) relatively inelastic.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Bilateral Monopoly problem The

    The bilateral monopoly is in operation when: (i) Firm is the only employer of the certain labor force and a union is just the supplier of the labor for that organization. (ii) The firm is the mere producer of the two complementary goods. (iii) The monopolist sells a g

    		•
  • Q : Income of Development and Distribution

    The extent of equality within the income distribution of a country seems to depend most heavily upon the degree of: (w) economic development in the country. (x) progress towards national socialism. (y) central economic planning. (z) fertility of the a

    		•
  • Q : Founder of modern general equilibrium

    The founder of modern general equilibrium analysis was: (w) Leon Walras. (x) Adam Smith. (y) Alfred Marshall. (z) John Maynard Keynes. Please choose the right answer from above...I want your suggestion for the same

    		•
  • Q : Normal accounting profit The only

    The only profit earned within the long run through a purely competitive firm is of: (w) normal accounting profit. (x) offset by short term losses. (y) created by exceptionally astute managers. (z) unrelated to its opportunity costs.

    Q : State excess demand or inflationary gap

    State excess demand or inflationary gap: Excess demand takes place whenever AD is bigger than AS at the level of full employment equilibrium.

    		•
  • Q : Labor Contracts of Check-off Provisions

    When a collective bargaining contract comprises a ‘check-off provision’: (1) Union workers can be fired when they don’t meet the production quotas. (2) Firms gather the union dues through deducting them from the paychecks. (3) Workers are needed to d

    		•
  • Q : Requirement of production costs

    Decreasing average production costs needs raising the size of a firm when the raised production encounters economies of: (i) Growth. (ii) Coordination. (iii) Growth. (iv) Scale. (v) Scope. Find out the right answer from the above o

    		•
  • Q : Illustrate ready-to-eat cereal industry

    Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)

    		•
  • Q : Capital Labor Ratios and Income Assume

    Assume that half of the world population, randomly certain, was magically vaporized through space aliens, although no other aspect of life onto Earth was influenced. Ignoring any psychological trauma that calamity might entail, upon average, the economic

  • Q : Analytic time in the market period In

    In the market period: (w) price is constant. (x) output is constant. (y) supply is horizontal. (z) supply is completely elastic. Please guys help to solve this problem of Economics with some explan

    		•
Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.