This topic contains a solution. Click here to go to the answer

Author Question: The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ... (Read 56 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
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
Answer to Question 1

b

Answer to Question 2

a





 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library