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Author Question: If a business firm is not operating at the point where MR = MC, then: a. it should shut down. b. ... (Read 49 times)

karateprodigy

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on: Jun 30, 2018
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

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

e

Answer to Question 2

b


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karateprodigy

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Reply #2 on: Jun 30, 2018
Thank you :)


pallen55

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Reply #3 on: Jun 30, 2018
Happy to help you


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