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Author Question: Of the following, demand is likely to be the most elastic for A) food. B) cars. C) Sony Blu-ray ... (Read 103 times)

vicotolentino

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on: Jun 29, 2018
Of the following, demand is likely to be the most elastic for
 
  A) food.
  B) cars.
  C) Sony Blu-ray players.
  D) personal computers.

Question 2

A perfectly competitive firm maximizes its economic profit when it produces the quantity that sets
 
  A) MR = MC.
  B) TR = TC.
  C) MC =.AVC.
  D) MC = ATC.


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aadams68

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


vicotolentino

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  • Posts: 552
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

recede

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  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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