« previous next »

Author Question: If marginal revenue exceeds marginal cost, profit maximizers should: a. reduce output until they ... (Read 38 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 30, 2018
If marginal revenue exceeds marginal cost, profit maximizers should:
 a. reduce output until they are equal.
  b. increase output until they are equal.
  c. increase output until profits are zero.
  d. decrease output unless profits are zero.
  e. maintain current output.

Question 2

As shown in Exhibit 5-9, assuming goods X and Y are substitutes, an increase in the price of Y, other factors held constant, could move the equilibrium from point E to point:
 a. A.
  b. B.
  c. C.
  d. D.


josephsuarez

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i
Urea (diesel exhaust fluid) injection is used to reduce NOx exhaust emissions. It is injected after ... Urea (diesel exhaust fluid) injection is used to reduce NOx exhaust emissions. It is injected after ...
The output on this alternator is printed on a label. The output on this alternator is printed on a label.
Self-massage of the forearm helps reduce the effects of stress on muscles used for massage. Self-massage of the forearm helps reduce the effects of stress on muscles used for massage.
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Video: Adolescent Diabetes

For a complete list of videos, visit our video library