Managers must monitor knowledge workers closely

Exhibit 5-6 Demand curve for concert tickets ? In Exhibit 5-6, if promoters lower their ticket price from $30 to $20, then:

A. ticket sales will increase but total revenue will decrease because demand is inelastic between $30 and $20. B. both ticket sales and total revenue will increase because demand is inelastic between $30 and $20. C. ticket sales will decrease but total revenue will increase because demand is elastic between $30 and $20. D. both ticket sales and total revenue will increase because demand is elastic between $30 and $20.

An externality is

A. a problem intrinsic to public goods: The good or service is so costly that its provision generally does not depend on whether or not any single person pays. B. the amount a consumer pays to consume an additional amount of a particular good. C. the total cost to society of producing an additional unit of a good or service. D. a cost or benefit resulting from some activity or transaction that is imposed or bestowed on parties outside the activity or transaction.