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Author Question: At the current level of production, if the firm's MR>MC, then the firm should a. produce more b. ... (Read 92 times)

mckennatimberlake

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  • Posts: 559
on: Jul 1, 2018
At the current level of production, if the firm's MR>MC, then the firm should
 a. produce more
 b. the company is maximizing profit at this output
  c. producing less
 d. None of the above

Question 2

Movie theatres offer seniors discounts because
 a. Seniors have a more inelastic demand for movie tickets
  b. Seniors have a more elastic demand for movie tickets
  c. Seniors have a higher opportunity cost of their time
 d. Only B&C


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janieazgirl

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


mckennatimberlake

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  • Posts: 559
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

nguyenhoanhat

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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