If a business firm is not operating at the point where MR = MC, ...

[karateprodigy]

If a business firm is not operating at the point where MR = MC, then:
 a. it should shut down.
  b. it will incur losses.
  c. it cannot be earning a profit.
  d. its profit is zero.
  e. it is not earning the maximum potential profit.

Question 2

The cross elasticity between Rolaids and Tums is expected to be:
 a. negative.
  b. positive.
  c. zero.
  d. one.
  e. infinite.

[pallen55]

Answer to Question 1

e

Answer to Question 2

b

[karateprodigy]

Thank you

[pallen55]

Happy to help you