« previous next »

Author Question: If marginal revenue exceeds marginal cost, profit maximizers should: a. reduce output until they ... (Read 116 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 30, 2018
If marginal revenue exceeds marginal cost, profit maximizers should:
 a. reduce output until they are equal.
  b. increase output until they are equal.
  c. increase output until profits are zero.
  d. decrease output unless profits are zero.
  e. maintain current output.

Question 2

As shown in Exhibit 5-9, assuming goods X and Y are substitutes, an increase in the price of Y, other factors held constant, could move the equilibrium from point E to point:
 a. A.
  b. B.
  c. C.
  d. D.


josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Proper placement and monitoring of an automatic blood pressure cuff will reduce the risk of injury o Proper placement and monitoring of an automatic blood pressure cuff will reduce the risk of injury o
Interventions to Reduce Disruptive Behaviors Interventions to Reduce Disruptive Behaviors
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
How to Reduce Edema Naturally "اربعة نصائح فعالة للتخلص من تورم ... How to Reduce Edema Naturally "اربعة نصائح فعالة للتخلص من تورم ...
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Inferring Productivity from Data on Output and Factor Accumulation Inferring Productivity from Data on Output and Factor Accumulation
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library