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Determine whether each statement is true or false. You have one submission for each statement. (a) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $5. True False (b) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $3. True False (c) Total revenue is decreasing when the demand is elastic and the price is increased slightly. True False

Determine whether each statement is true or false. You have one submission for each statement. (a) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $5. True False (b) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $3. True False (c) Total revenue is decreasing when the demand is elastic and the price is increased slightly. True False

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Determine whether each statement is true or false. You have one submission for each statement. (a) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $5. True False (b) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $3. True False (c) Total revenue is decreasing when the demand is elastic and the price is increased slightly. True False (d) Total revenue is maximized at the equilibrium point. True False (e) Total revenue is increasing when the demand is inelastic and the price is increased slightly. True False (f) Total revenue is maximized when the demand is unitary. True False
Transcribed Image Text:Determine whether each statement is true or false. You have one submission for each statement. (a) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $5. True False (b) If demand is unitary when the unit price is p = $4, then revenue will decrease if the unit price is increased slightly from $3. True False (c) Total revenue is decreasing when the demand is elastic and the price is increased slightly. True False (d) Total revenue is maximized at the equilibrium point. True False (e) Total revenue is increasing when the demand is inelastic and the price is increased slightly. True False (f) Total revenue is maximized when the demand is unitary. True False
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