Answer:
Total revenue will equal zero when the demand for a product is unit elastic. FALSE
When a firm lowers its price its total revenue may either increase or decrease. TRUE
Whenever a firm raises its price its total revenue will increase. FALSE
Whenever a firm increases its quantity sold its revenue will increase. FALSE
Explanation:
Price elasticity en the demand measures the porcentage of change in the quantity demandend when a price is changed.
When the porcentage of change in the quantity demanded is the same of the porcentage of change in the price we talk of unit elastic. The revenues will keep being the same no matter the change in the price.
When a firm lower the price of a good it can increase the revenues if the product has an elastic demand, it means that the porcentage of change in the quantity demanded is bigger than the porcentage in the change of the price, and if the product has an inelastic demand, the revenues will decrease. Price demand is inelastic when the porcentage of change in the quantity demanded is smaller than the porcentage in the change of the price.
Answer:
b
Explanation:
you negotiat the price you need and you have to pay them back also
Depends on if you've got it on PC or console. The console versions obviously work on the latest generation machines and come with the texture pack (which has always been free), modding capabilities (better on XBONE) and all DLC's.
So if you're looking to take your PS3/XB360 copy to the next level then I'd say yes, personally.
The PC version gets you the DLC's thrown in and that's all, assuming you don't own any of the DLC's this might be he better value overall depending on offers, so do some research, you're not gaining anything bar the DLC's though, you could already get the texture pack and mod.
Short answer: Consoles: Yes. PC: Only if the DLC's are cheaper that way.