12. What is elasticity of demand?
(1) Demand that is not very sensitive to a
change in price
(2) Demand that is very sensitive to a change
in price
(3) Demand whose elasticity is exactly equal
to 1
(4) A measure of how consumers react to a
change in price.

The chart shows the marginal cost and marginal revenue of producing apple pies. what most likely will happen if the pie maker continues to make additional pies? the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit. the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, increasing the profit. the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, increasing the profit. the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, decreasing the profit.

Which ics functional area sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident a. command b. operations c. logistics d. finance/administration

Quick using the information in the graph, one might speculate that a) w.w.i created increased job opportunities in the u.s. b) the election of president hoover in 1936 caused unemployment to decline. c) the return of soldiers following w.w.ii caused unemployment to increase in the u.s. d) the new deal programs of president roosevelt created employment opportunities in the u.s.