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Author Question: In the short run, a firm should shut down its operation if: a. its losses are less than TFC at the ... (Read 56 times)

fbq8i

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on: Jun 30, 2018
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.


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olivia_paige29

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

c

Answer to Question 2

e


fbq8i

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Reply 2 on: Jun 30, 2018
:D TYSM

vickybb89

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Reply 3 on: Yesterday
Gracias!

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