Engineering, 14.12.2021 14:10 mtunes

Economics 22) If Pɛd = - 0.8, then in order to increase total profit (TR - TC), a firm should….

(a) increase price, so that TR increases and TC falls.
(b) decrease price, so that TR increases and TC increases.
(c) increase price, so that both TR and TC remain constant.
(d) decrease price, so that TR remains constant and TC falls.
(e) none of the above.

Answers: 3

Show answers

Other questions on the subject: Engineering

Engineering, 04.07.2019 18:10, viicborella

Steel is coated with a thin layer of ceramic to protect against corrosion. what do you expect to happen to the coating when the temperature of the steel is increased significantly? explain.

Answers: 1

continue

Engineering, 04.07.2019 18:10, hadellolo8839

Acompressor receives the shaft work to decrease the pressure of the fluid. a)- true b)- false

Answers: 3

continue

Engineering, 04.07.2019 18:10, redrosesxx

Water at 55c flows across a flat plate whose surface temperature is held constant at 95c. if the temperature gradient at the plate's surface for a given value of x is 18 c/mm, find a) local heat transfer coefficient. b) heat flux

Answers: 3

continue

Engineering, 04.07.2019 18:10, soreese02

An ideal otto cycle with air as the working fluid has a compression ratio of 8. the minimum and maximum temperatures in the cycle are 300 k and 1340 k. use constant specific heats at room temperature to determine (a) the amount of heat transferred to the air during the heat- addition kj/kg, (b) the thermal efficiency, and (c) the thermal efficiency of a carnot cycle ope limits. process, in rating between the same temperature

Answers: 2

continue

You know the right answer?

Economics 22) If Pɛd = - 0.8, then in order to increase total profit (TR - TC), a firm should….