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NEW QUESTION: 1
If the elasticity of demand for a normal good is estimated to be 1.5, then a 10% reduction in its price would
cause:
A. Total revenue to fall by 15%.
B. Total revenue to fall by 10%.
C. Demand to decrease by 10%.
D. Quantity demanded to rise by 15%.
Answer: D
Explanation:
Choice "c" is correct. The elasticity of demand is calculated as:
% Change in demand
% Change in price
If the elasticity of demand is 1.5 (assumed to be the absolute value, as the elasticity of demand for a
normal good is always negative), then a 10% price reduction would cause an increase in the quantity
demanded by 15% (a ratio of 15 to 10 or 1.5).
Choices "a", "b", and "d" are incorrect, per Explanation: above.
NEW QUESTION: 2
A. MAX
B. MIN
C. SUM
D. COUNT
Answer: C
NEW QUESTION: 3
You are designing a wireless network to support high user density in the 5 GHz spectrum. Which option is the benefit of selecting a channel width of 20 MHz instead of selecting a higher channel width?
A. decreased speed
B. increased throughput
C. increased bandwidth
D. decreased co-channel interference
Answer: D
Explanation:
Explanation
If forced to reuse 5 GHz channels, more consistent results will be delivered using strictly 20 MHz channels and avoiding loss of efficiency due to CCI.
https://www.cisco.com/c/en/us/products/collateral/wireless/aironet-1250-series/design_guide_c07-693245.html#
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