When a Firm Is on the Inelastic Segment of Its

question 51

Multiple Choice

When a firm is on the inelastic segment of its demand curve, it can

• A) increase total revenue by reducing price.
• B) decrease total costs by decreasing price.
• C) increase profits by increasing price.
• D) increase total revenue by more than the increase in total cost by increasing price.

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Definitions:

Period Of The Zygote

Approximately a 2-week period from the time of fertilization of a human ovum by a sperm to the time of implantation in the uterine wall.

Period Of The Fetus

Lasting from the ninth week of gestation until birth, the time of rapid growth and further differentiation when the reproductive system forms, gains in body weight occur, and the brain and nervous system continue to develop.

Chromosomes

Structures made of DNA and proteins that contain the genetic information of an organism.

Teratogens

Agents that can cause developmental abnormalities or birth defects in a developing fetus when exposed to the mother.