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Author Question: The cross-price elasticity between movie tickets and video rentals is positive. a. True b. False ... (Read 161 times)

dollx

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on: Jun 30, 2018
The cross-price elasticity between movie tickets and video rentals is positive.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

An economic profit of zero implies:
 a. normal profit.
 b. the firm is covering both explicit and implicit costs.
 c. the firm's revenues are sufficient to compensate the money and time that the owners put into the business.
  d. all of the above


mmj22343

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


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dollx

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Reply #2 on: Jun 30, 2018
Thank you :)


mmj22343

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Reply #3 on: Jun 30, 2018
Happy to help you


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