A profit-maximizing, price-taking firm should cease production ...

[Awilson837]

A profit-maximizing, price-taking firm should cease production whenever:
 a. the firm is making a loss.
 b. the firm is earning zero economic profit.
 c. the price is less than minimum average fixed cost.
  d. the price is less than minimum average variable cost.

Question 2

The allocations of goods and services from one group in a society to another are called:
 a. mutually voluntary exchanges.
  b. in-kind transfers.
  c. grants.
  d. economic rents.
  e. transfer earnings.

[fur]

Answer to Question 1

d

Answer to Question 2

b

[Awilson837]

Thanks for the timely response, appreciate it

[nanny]

Great answer, keep it coming