--%>
Assignment Help - homework help

Increase total revenue and exceeds elasticity of demand

When a firm along with market power raises the price of a good a little, total revenue as: (w) falls in the inelastic range of the demand curve. (x) rises over the elastic range of the demand curve. (y) stays close to zero in the unitary-elastic range of the demand curve. (z) falls when the elasticity of demand exceeds 1.0.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Generate economic profit by a firm

    A firm is most certain to be capable to generate an economic profit when: (1) this is a monopoly. (2) entry within its industry in the short run is prevented through barriers to entry. (3) its marginal costs are less than the marginal costs of its com

    		•
  • Q : Similarity between pure monopoly and

    The demand curve facing a pure monopoly is similar to the: (w) sum of demand curves which face pure competitors. (x) "kinked" demands at the going market price. (y) the market demand curve for its product. (z) the firm's marginal reve

    		•
  • Q : Problem on Institutional frameworks I

    I have a problem in economics on Institutional frameworks. Please help me in the following question. The Institutional frameworks in which the transactions take place are: (1) Money mills. (2) Circular flows. (3) Barriers to entry. (4) Markets

  • Q : Price crosses elasticity of demand when

    When a 2% raise in the price of Kibbles causes a 1% raise in the quantity sold of Bits, in that case their price cross elasticity of demand is approximately _____ and such goods are _____. (w) -2; complements (x) 0.5; substitutes (y) 2; substitutes (z

    		•
  • Q : Problem of tax on a good I have a

    I have a problem in economics on Problem of tax on a good. Please help me in the following question. The tax on a good tends to form: (1) A wedge between the price buyers pay and the price sellers collect. (2) Rises in supply from the perspectives of buyers. (3) More

    		•
  • Q : Complete equilibrium by distribution of

    When the economy was in a complete equilibrium, in that case the distribution of income would be precisely proportional to the distribution of: (a) taxation. (b) inheritance. (c) luck. (d) wealth.

  • Q : Statistical perspective of Inferior

    On an average, American families with more income tend to contain fewer children than families with less income. This fact recommends that, at least from a purely statistical perspective, the American children are: (1) Inferior goods. (2) Substitute goods for the cats

    		•
  • Q : Relative Income Measurement Relative

    Relative income as given by the Bureau of the Census reflects a try to measure: (1) a nation’s wealth. (2) economic development in a country. (3) the value of nonhuman wealth. (4) how far a person’s income diverges from th

    		•
  • Q : Problem regarding to demography of

    Onto average, African-Americans into the U.S., when compared to whites: (1) earn lower incomes. (2) have less education. (3) experience higher rates of unemployment. (4) are less likely to be capable to retire on Social Security. (5) All of the above.

    Q : Substantial market power Any firm which

    Any firm which has substantial market power that: (i) confronts a perfectly elastic demand curve. (ii) can sell as much as this wants at the price that chooses. (iii) strongly affects the price of its output. (iv) is one of several firms in an industr

    		•