Business, 18.09.2019 01:10 robertjoy19
Does revenue increase or decrease if the demand curve is inelastic at the initial price? how does it change if the demand curve is elastic? consider the extreme case where the demand curve is perfectly inelastic and then generalize to the inelastic case. use the rectangle drawing tool to shade in the increase in revenue (c), if any, and the decrease in revenue (b), if any, from increasing price from p 1 to p 2. properly label the shaded area(s). carefully follow the instructions above, and only draw the required object.
Answers: 1
Business, 21.06.2019 20:30
In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage.answers: valuablerareinimitableun-substitutable
Answers: 1
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Does revenue increase or decrease if the demand curve is inelastic at the initial price? how does i...
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