You made me want to eat pizza lol but I think they would work together and form the best pizza
Answer: It is reasonable to assume that a profit-maximizing firm will never operate in the inelastic portion of its demand curve.
Explanation:
It should be noted that a firm that profit maximizing will not operate in the inelastic portion of its demand curve because at that point, the firm isn't maximizing profit.
When there's an inelastic demand, an increase in price will bring about a less than proportionate reduction in the quantity of the goods that's demanded. In such case, if the firm operates at the inelastic portion of its demand curve, when it increases price, this will lead to a reduction in income and profit will not be maximize.
Answer:
False
Explanation:
It's not prepared for each correspondent.
Answer:
The correct option is (b)
Explanation:
Private carrier is an organization that transports only the products produced by firm that own it.
Such organization's primary business activity is not transporting products from one place to another. In other words, these carriers do not transport goods of other companies.
Companies find having their own carriers cost effective as compared to hiring one.
Therefore, private carrier is a trucking operation that transports goods for the firm that owns it.
Answer:
A. The lowest price is a relevant statistic for someone planning to buy one of the TVs.
Explanation:
The measures of central tendency refers to the measurement of data by considering the mean, median and mode so that it could estimate the sample data based on this measures
In order to decide to buy one of these TV the statistic that is should be considered and ignore the central tendancy measures is the price that is lesser to buy one of the TVs.
hence, the correct option is A.
