Google Answers: economics

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Q: economics ( No Answer, 1 Comment )

Question

Subject: economics
Category: Science
Asked by: hang-ga
List Price: $2.50

Posted: 26 Sep 2002 17:40 PDT
Expires: 26 Oct 2002 17:40 PDT
Question ID: 69521

decide and explain follow statements are true or false:
If the demand function for a good is reprented by Q=8-0.5P
statement1: total revenue for the product is maximized when the
quatitiy produced is 4 units.
statement2: the price elasticity of demand when the price is $4 is
-0.33
statement 3: the marginal revenue is negative when the price is less
than $12.

Answer

There is no answer at this time.

Comments

Subject: Re: economics
From: cajagora-ga on 10 Oct 2002 06:42 PDT

The answer is number 2.

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