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

Author Question: The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ... (Read 11 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
The most profitable output level can be found by looking at which two curves?
 a. P and MR.
  b. MR and MC.
  c. MC and TC.
  d. P and AVC.
  e. AVC and ATC.

Question 2

If goods X and Y are such that the cross price elasticity between them is negative, and if the income elasticity of X is negative, then these goods are:
 a. inferior complements.
  b. luxury complements.
  c. income elastic substitutes.
  d. normal substitutes.
  e. income elastic complements.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


nummyann

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 30, 2018
Thank you


Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

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

(c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found (c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found
Open space is found in a Lodgepole pine stand after thinning. Open space is found in a Lodgepole pine stand after thinning.
Reaction 7: The First Substrate-Level Phosphorylation Reaction 7: The First Substrate-Level Phosphorylation
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Sample lod score curves Sample lod score curves
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library