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

Author Question: If ABC Printing is producing an output level of 100, where MR is 5 and MC is 3, then the firm is: ... (Read 47 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jun 30, 2018
If ABC Printing is producing an output level of 100, where MR is 5 and MC is 3, then the firm is:
 a. maximizing total profit.
  b. making too much profit.
  c. making 200 total profit.
  d. making 200 total loss.
  e. making an unknown amount of profit or loss.

Question 2

Inferior goods have an income elasticity of demand that is:
 a. positive.
  b. negative.
  c. 0.
  d. greater than 1 in absolute value.
  e. equal to 1 in absolute value.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryhom

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


jace

  • Member
  • Posts: 541
Reply 2 on: Jun 30, 2018
Wow, this really help

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc
All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
Upper-Level Maps Upper-Level Maps
People using walkers typically have a high level of mobility impairment. People using walkers typically have a high level of mobility impairment.
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
The tertiary level of protein structure for the respiratory pigment myoglobin The tertiary level of protein structure for the respiratory pigment myoglobin
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library