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Author Question: Jane's Garage Cleaning is a perfectly competitive firm that currently cleans 40 garages a week. ... (Read 61 times)

roselinechinyere27m

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on: Jun 29, 2018
Jane's Garage Cleaning is a perfectly competitive firm that currently cleans 40 garages a week. Jane's marginal cost is less than the price she charges. Jane can increase her profit if she
 
  A) charges a higher price.
  B) charges a lower price.
  C) cleans fewer than 40 garages a week.
  D) cleans more than 40 garages a week.

Question 2

The cross elasticity of demand measures the responsiveness of the quantity demanded of a particular good to changes in the prices of
 
  A) its substitutes and its complements.
  B) its substitutes but not its complements.
  C) its complements but not its substitutes.
  D) neither its substitutes nor its complements.


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aburgess

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


roselinechinyere27m

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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