. Price elasticity of demand reflects how sensitive consumers are to changes in prices. Demand is elastic when a. The price of a good increases and the total revenue decreases. b. The price of a good increases and the total revenue increases. c. The price of a good decreases and the total revenue stays the same. d. There is not enough information to answer this question.

21234 10 11 FC VC 350 What is the MC of the 12th unit? a. 15 O b. 12 Ocll O d. 13 TC 525 MC 25 AFC AVC 33 ATC 50 42

estions Pall22_Microecon_KM Join: 746518 Assigned 2 Gradebook o Handouts Sep 16, 11:59 PM Dashboard Que Sep 16, 11:59 PM < HW3 (Ch3 & 4) Homework Due in 2 days Unanswered B Melinda Lee Cantrell app.tophat.com Unanswered Ⓒ A company producing 1000 phone protection covers a week when the price was $4. Their covers become very popular pushing up the price to $8. The next month they are producing 4000 cases a week. With this information answer the following: HW3 13 Homework Unanswered Determine the elasticity of supply for this company. (2 decimal places is the default answer) Type your numeric answer and submit 10am Fall22_Microecon_KM - Assigned | Top Hat HW3 14 Homework Answered. 15/17 answered MacBook Pro Submit O Please type your answer to submit Submit 05 + 88 Becca v Open in Reading View PERFECCCCE how2ree

Define the term Routine Annual Maintenance Costs?