The demand curve that talero faces is identical to which of its other curves? check all that apply.

1 answer:

3 0

It is the marginal revenue curve. Since a superbly focused firm faces a splendidly elastic demand curve to the market value, it can offer any amount it picks at this cost. This appears as the horizontal demand curve at the market price.Because all units delivered are sold at the market cost, the adjustment incomplete income that outcomes from a oneunit increment in the amount sold are equivalent to the cost. Hence, marginal revenue curve is the same as the company's request bend and plots as an even line at the market cost

You might be interested in

What does it mean to have dependability skills mean?

EastWind [94]

Answer: Dependability is defined as the quality of being able to be counted on or relied upon. When you always do everything that you say you will and never make promises you cannot keep, this is an example of dependability. YourDictionary definition and usage example.

Explanation:

7 0

3 years ago

Read 2 more answers

Why do many advertising sales agents work on holidays and weekends? Explain

Black_prince [1.1K]

Answer:

Advertising sales agents work on holidays and weekends because that is when people buy. For example, during Christmas they are working advertising products so people will buy for Chirstmas. It is the biggest part of the year where people buy products and they need to work to advertise to consumers to buy their products.

5 0

2 years ago

Read 2 more answers

When the price of a good is $5, the quantity demanded is 120 units per month; when the price is $7, the quantity demanded is 100

Gre4nikov [31]

Price elasticity can be calculated using the attached formula where:
the first term represents the % change in quantity and the second term represents the % change in price

% change in quantity = (100-120) / (220/2) = -2/11 x 100 = -18.1818%
% change in price = (7-5) / (12/2) = 33.3333%

price elasticity = 18.1818/33.3333 = 0.55

Note that the price elasticity is usually taken as an absolute value.

6 0

3 years ago

Scott, a young professional, buys a new BMW, even though a Mercedes would have cost him less. Scott values the BMW brand. This i

ivanzaharov [21]

Answer:

The correct response will be "Paying a premium price ".

Explanation:

Each consumption has the fundamental economic intention of obtaining products that have the highest possible and the limit requirements at the lowest competitive prices.
And therefore, satisfied customers frequently ignore that instinct because some other manufacturer is still connected to something like the commodity.

5 0

3 years ago

People pay taxes for many reasons. Which of the following is NOT one of those reasons? A) civic duty B)moral reasons C)fear of I

Mice21 [21]

I feel the answer is B I really hoped this helped have an amazing day

6 0

2 years ago

Read 2 more answers