Maximize total revenue

Assignment Help Business Economics
Reference no: EM132065488

If demand is perfectly inelastic (equal to zero), can you really maximize Total Revenue? Seems to me that it would continnually rise as P increases since demand remains unchanged?

Reference no: EM132065488

Questions Cloud

How can the interest taxation be an optimal taxation : Hint: Consider how elastic the saving was. Does the interest taxation increase equity without reducing efficiency?
Identify five stereotypes that foreigners typically hold : Identify five stereotypes that foreigners typically hold about Australians. Why do you think they might hold these stereotypes?
Economists to study and for individuals : Why is it important for economists to study and for individuals, households and firms to utilize customer and behavior and choices?
Calculate the beta for stock : Calculate the beta for Stock B. Consider a portfolio that is one-third invested in Stock A and one-third invested in Stock B,
Maximize total revenue : If demand is perfectly inelastic (equal to zero), can you really maximize Total Revenue?
About corsair cash flow and operations : What does this tell you about Corsair’s cash flow and operations?
Develop an extensive strategic plan for general electric : General Eletric strategic plan is creating innovative products for consumers. General Electric also has many segmentations that are apart of the company.
What is the required return on the firm levered equity : What is the value of the company as an unlevered firm? What is the required return on the firm’s levered equity?
Find factors to explain lego dramatic turnaround and success : Please select three factors other than those listed above that explain Lego's dramatic turnaround and success. (You should devote one paragraph to each topic).

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd