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 57 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
Excellent

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and
Control of blood glucose level. Control of blood glucose level.
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
Reaction 7: The First Substrate-Level Phosphorylation Reaction 7: The First Substrate-Level Phosphorylation
The Nile Delta will be strongly affected by a rise in sea level of 50 cm The Nile Delta will be strongly affected by a rise in sea level of 50 cm
The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ... The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ...
Video: Stroke volume

For a complete list of videos, visit our video library