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 49 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

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

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).

How the study of genomes and proteomes can provide us with connections to different biological level How the study of genomes and proteomes can provide us with connections to different biological level
Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
Level II HCPCs Codes Cont. Level II HCPCs Codes Cont.
MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ... MAP sensors use three wires: 1.5 volt reference from the PCM 2. Sensor signal (output signal) 3. ...
Upper-Level Maps Upper-Level Maps
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library