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

Author Question: Jane's Garage Cleaning is a perfectly competitive firm that currently cleans 40 garages a week. ... (Read 54 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Jane's Garage Cleaning is a perfectly competitive firm that currently cleans 40 garages a week. Jane's marginal cost is less than the price she charges. Jane can increase her profit if she
 
  A) charges a higher price.
  B) charges a lower price.
  C) cleans fewer than 40 garages a week.
  D) cleans more than 40 garages a week.

Question 2

The cross elasticity of demand measures the responsiveness of the quantity demanded of a particular good to changes in the prices of
 
  A) its substitutes and its complements.
  B) its substitutes but not its complements.
  C) its complements but not its substitutes.
  D) neither its substitutes nor its complements.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Gracias!

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Paleoanthropologist Jane Moore maps sites at Kanapoi, Kenya Paleoanthropologist Jane Moore maps sites at Kanapoi, Kenya
Malcolm X in a photo taken a week before his assassination. Malcolm X in a photo taken a week before his assassination.
Jane Hammond, Fallen. Jane Hammond, Fallen.
A typical two-line cleaning machine hookup, showing an extension hose that can be used to squirt a ... A typical two-line cleaning machine hookup, showing an extension hose that can be used to squirt a ...
Embryonic Period - 4th week Embryonic Period - 4th week
Six-week embryo showing development of hand and foot plates Six-week embryo showing development of hand and foot plates
Video: Adolescent Diabetes

For a complete list of videos, visit our video library