In the short run, a firm should shut down its operation if: a. ...

[fbq8i]

In the short run, a firm should shut down its operation if:
 a. its losses are less than TFC at the MR = MC point.
  b. its losses equal TFC at the MR = MC point.
  c. its losses are greater than TFC at the MR = MC point.
  d. TR is less than TC.
  e. TR exceeds TVC.

Question 2

If two goods were to become even stronger substitutes than before, an economist would expect the cross elasticity to become:
 a. positive.
  b. one.
  c. zero.
  d. smaller.
  e. larger.

[olivia_paige29]

Answer to Question 1

c

Answer to Question 2

e

[fbq8i]

Excellent

[AmberC1996]

Thanks for the timely response, appreciate it