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Author Question: By producing at the point where MR = MC, the firm: a. is guaranteed a profit. b. will earn a ... (Read 65 times)

plus1

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on: Jun 30, 2018
By producing at the point where MR = MC, the firm:
 a. is guaranteed a profit.
  b. will earn a profit of zero.
  c. will lose money.
  d. profit is maximized.
  e. output.

Question 2

If Coke and Pepsi are close substitutes, then if:
 a. Coke raises its price, so will Pepsi.
  b. Coke raises its price, it will not lose customers to Pepsi.
  c. Pepsi lowers its price, it will not hurt Coke.
  d. Pepsi lowers its price, so will Coke.
  e. Coke raises its price, some customers will switch to Pepsi.


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Mochi

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


plus1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

isabelt_18

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  • Posts: 342
Reply 3 on: Yesterday
Excellent

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