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Author Question: The most profitable output level can be found by looking at which two curves? a. P and MR. b. MR ... (Read 46 times)

nummyann

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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.


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Bsand8

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


nummyann

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Reply #2 on: Jun 30, 2018
Thank you


Bsand8

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Reply #3 on: Jun 30, 2018
No problemo


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