In the short run, a firm will stay in business as long as: a. ...

[justinmsk]

In the short run, a firm will stay in business as long as:
 a. price equals average revenue.
  b. marginal revenue is greater than or equal to marginal cost.
  c. price exceeds average variable cost.
  d. price is less than average variable cost.

Question 2

The number of computers bought increased by 20 percent when the price of on-line services declined by 10 percent. Assuming other factors are held constant, computers and on-line services are classified as:
 a. complements.
  b. unrelated goods.
  c. substitutes.
  d. social goods.

[Bsand8]

Answer to Question 1

c

Answer to Question 2

a

[justinmsk]

Thanks for the timely response, appreciate it

[jojobee318]

YES! Correct, THANKS for helping me on my review