Author Question: The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ... (Read 10 times)

nummyann · **on:** Jun 30, 2018

The most profitable output level can be found by looking at which two curves?
a. P and MR.
b. MR and MC.
c. MC and TC.
d. P and AVC.
e. AVC and ATC.

Question 2

If goods X and Y are such that the cross price elasticity between them is negative, and if the income elasticity of X is negative, then these goods are:
a. inferior complements.
b. luxury complements.
c. income elastic substitutes.
d. normal substitutes.
e. income elastic complements.

Bsand8 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

a

nummyann · **Reply #2 on:** Jun 30, 2018

Thank you

Bsand8 · **Reply #3 on:** Jun 30, 2018

No problemo

Author Question: The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ... (Read 10 times)

nummyann

The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ...

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Bsand8

The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ...

nummyann

The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ...

Bsand8

The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ...