Recall the Application About Choosing a Price for Drones Based

question 152

Multiple Choice

Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s) .
-Recall the Application.Suppose a firm that produces drones has a linear demand curve for its product,with a vertical intercept of $1,200.If the firm initially charged a price of $450 and then raised its price to $600,the firm's total revenue would ________ and total cost would ________.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decease

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Impeachment Trial

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A right claimed by the president of the United States and other members of the executive branch to resist certain subpoenas and other interventions by the legislative and judicial branches of government.

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A landmark Supreme Court case in 1974 that resulted in a unanimous decision against President Richard Nixon, compelling him to release tape recordings related to the Watergate scandal.