Mike is a sole proprietor who buys, sells and repairs kilns and other equipment used in pottery making. he has an arrangement with k& m, a large equipment maker, to sell k& m's kilns in both his own name and in k& m's name and to receive payments from customers. mike's relationship with k& m is that of a group of answer choices a) independent contractor b) special agent c) broker factor.

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.