Nnovember 1, 2018, taylor signed a one-year contract to provide handyman services on an as-needed basis to king associates, with the contract to start immediately. king agreed to pay taylor $5,880 for the one-year period. taylor is confident that king will pay that amount, but payment is not scheduled to occur until 2019 taylor should recognize revenue in 2018 in the amount of

a. $0
b. $2,940
c. $5,880
d. $980

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.