Business
Business, 19.11.2019 06:31, PresleyPie9452

Amonopolist has determined that at the current level of output the price elasticity of demand is minus0.15. which of the following statements is true?
a. the firm should increase output.
b. this is typical for a monopolist; output should not be altered.
c. the firm should cut output.
d. none of the above answers are necessarily correct.

answer
Answers: 1
Show answers

Similar questions

Предмет
Business, 27.07.2019 01:30, Theresab2021
Measures consumers' sensitivity to price changes. select one: a. inelastic demand price parity b. income elasticity of demand c. price elasticity of demand d. cross-price elasticity of demand e. competitive profit elasticity of demand
Answers: 1
continue
Предмет
Business, 24.10.2019 02:30, hurstsierra25
Which one(s) did i answer incorectly? identify whether the following statements about the economics of taxes are true or false by dragging anddropping the relevant into the bins provided.the incidence of a tax is determined by which group (buyers or sellers) must write the falsecheck to the government.when the price elasticity of demand is low and the price elasticity of supply is high, the falseburden of a tax falls mainly on producers.the effect of an excise (or commodity) tax on the equilibrium price is the same trueregardless of who the tax is levied upon.when the price elasticity of demand is high and the price elasticity of supply is low, the falseburden of a tax falls mainly on consumers.an excise tax can distort incentives and create missed opportunities for mutually truebeneficial transactions.true false incorrect. if the tax is imposed on suppliers, the equilibrium price increases, if the tax is imposedon consumers, the equilibrium price decreases. it is the equilibrium quantity that is unaffected bywho is asked to pay the tax.
Answers: 1
continue
Do you know the correct answer?
Amonopolist has determined that at the current level of output the price elasticity of demand is min...

Questions in other subjects:

Konu
Mathematics, 28.05.2021 01:00
Question 1 of 5 Select the correct answer. What is the solution to this equation? 2log(7 + 86) r = 186 O I = 14 r = 82 O I = 2​...
Konu
Mathematics, 28.05.2021 01:00
Given that x = 7.9 m and 0 = 45°, work out AB rounded to 3 SF....
Konu
Social Studies, 28.05.2021 01:00
Why was the Newlands project so important for Nevada? Explain....
Konu
Mathematics, 28.05.2021 01:00
Can someone help? I'm confused :p ...
Konu
English, 28.05.2021 01:00
Gettysburg Address It is for us the living, rather , to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It i...
Konu
Mathematics, 28.05.2021 01:00
What is the derivative of 3x^5?...
Konu
Mathematics, 28.05.2021 01:00
The list price of a furnace is $2,468.00. The manufacturer offers a discount of 15 percent. The net price is $2,097.80. $370.20. $209.78. $3,70...
Konu
History, 28.05.2021 01:00
Write the aims of the cpp...
Konu
Mathematics, 28.05.2021 01:00
Determine all possible values of a and b that makes the function below discontinuous. f(x)={a-x^2, x ≤-1 x-b, x> -1...
Konu
Chemistry, 28.05.2021 01:00
Why do plants and other photosynthetic organisms need CO2 from the atmosphere?...
Other tasks in the category: Business More task
See results (0)