The smaller the price elasticity of demand, the ________ the profit-maximizing price and the ________ the markup.
A) higher; larger
B) lower; larger
C) higher; smaller
D) lower; smaller
A) higher; larger
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Managers of a monopolistically competitive firm who are enjoying a large economic profit from their recently released innovative new product should ________.
A) minimize marketing B) be alert to the possibility of overexpansion C) not attempt to erect a barrier to entry D) be alert to the possibility of underexpansion
What was scientific about Gregor Mendel's approach to gardening? a. He was a scientist and worked to create commercial plants
b. He took systematic notes and was able to identify patterns of heredity. c. He bred garden plants to obtain higher yields. d. He worked to breed garden plants to obtain better varieties.
Anime is Japanese comic book art
Indicate whether the statement is true or false
Men in most polygynous societies never actually obtain multiple wives for all of the following reasons except
a. managing a polygynous household is hard work. b. marriage in many polygynous societies requires the approval of kinsmen. c. marriage in polygynous societies is always managed by the wife’s father and the husband has no choice. d. some men in polygynous societies are not of sufficient rank to seek multiple wives. e. some men in polygynous societies do not the appropriate social skills to have multiple wives.