A perfectly elastic demand curve implies that the firm

Asked by maham237 @ 16/02/2021 in Business viewed by 303 People

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as it chooses at the existing price. C) realizes an increase in total revenue which is less than product price when it sells an extra unit. D) is selling a differentiated (heterogeneous) product.

Answered by maham237 @ 16/02/2021

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2742 persons

A perfectly elastic demand curve implies that the firm

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