aof.sorular.net
Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1397599
Introduction to Economics 1 Deneme Sınavı Sorusu #1397599
How does total revenue change in response to changes in price and quantity?
|
It depends on the type of market structure in which the firm operates and the price elasticity of demand. |
|
It depends on the type of market structure in which the firm operates only, |
|
It depends on the price elasticity of demand only, |
|
It certainly increases, |
|
It doesnt change. |
Yanıt Açıklaması:
Total Revenue
Total Revenue The total revenue of a firm is the price times the quantity sold by the firm.
Total Revenue (TR) = Price (P) x Quantity (Q)
How does total revenue change in response to changes in price and quantity? Well, that depends on the type of market structure in which the firm operates and the price elasticity of demand.
Yorumlar
- 0 Yorum