This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm is currently operating where the MC of the last unit produced = 64, and the MR of this unit = ... (Read 142 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
A firm is currently operating where the MC of the last unit produced = 64, and the MR of this unit = 70 . What would you advise this firm to do?
 a. Shut down.
  b. Increase output.
  c. Stay at current output.
  d. Decrease output.
  e. Decrease price.

Question 2

The cross elasticity of demand for complementary products must:
 a. be greater than one.
  b. be less than one.
  c. be zero.
  d. exceed zero.
  e. be negative.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


2125004343

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jun 30, 2018
Thank you :)


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

American women operating machine lathes in a munitions factory. American women operating machine lathes in a munitions factory.
Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ... Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
50-Unit Insulin Syringe 50-Unit Insulin Syringe
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library