Author Question: If a firm decreases output when MR > MC, then: a. profit will equal zero. b. profit will ... (Read 39 times)

SAVANNAHHOOPER23 · **on:** Jun 30, 2018

If a firm decreases output when MR > MC, then:
a. profit will equal zero.
b. profit will increase.
c. profit will decrease.
d. profit will remain the same.
e. the firm is minimizing losses.

Question 2

Two goods are complementary if:
a. they are part of the basic food group.
b. each performs the same basic task.
c. the cross elasticity of demand is positive.
d. they are used together.
e. the income elasticity of demand is negative.