【題目】 The owner of a local hot dog stand has estimated that if he lowers the price of hot dogs from $2.00 to $1.50, he will increase sales from 400 to 500 hot dogs per day. Using the midpoint formula, the demand for hot dogs is unit elastic. inelastic. & ...
【題目】 A competitive firm will tend to expand its output so long as: Marginal revenues is positive. Marginal cost is less than average cost. Marginal revenues is greater than marginal cost. Marginal revenues is greater than the averag ...
【題目】 When marginal profit equals zero. the firm cannot exercise price discrimination. the firm can increase profits by decreasing out put. the firm can increase profits by increasing out put. profit is maximized.
【題目】 A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm’s average total cost is $10. The firm’s marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a & ...
題目: A short piece of information used to authenticate a message is commonly referred to as 答案: MAC 題目: Which of the following system is used to manage information about customers, interact with customers, and to improve a company's relationship with its customers? 答 ...
【題目】 The supply curve for a good or service shows the sellers’ maximum acceptable price. target price. average acceptable price. minimum acceptable price.