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

Author Question: By producing at the point where MR = MC, the firm: a. is guaranteed a profit. b. will earn a ... (Read 54 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri
One-point linear perspective. One-point linear perspective.
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Mutation of Raly and Agouti producing yellow coat Mutation of Raly and Agouti producing yellow coat
Producing human insulin in E. coli Producing human insulin in E. coli
Video: T cell receptors

For a complete list of videos, visit our video library