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Author Question: If a firm increases output when MR < MC, then: a. profit will equal zero. b. profit will ... (Read 64 times)

luminitza

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on: Jun 30, 2018
If a firm increases output when MR < MC, then:
 a. profit will equal zero.
  b. profit will increase.
  c. profit will decrease.
  d. profit will remain the same.
  e. the firm is minimizing losses.

Question 2

If a good is inferior in an economic sense:
 a. it is demand price elastic.
  b. it is demand price inelastic.
  c. the income elasticity of demand is negative.
  d. it is a low-quality good.
  e. it is not the highest quality good in its class.


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maya.nigrin17@yahoo.com

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

c

Answer to Question 2

c


luminitza

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  • Posts: 555
Reply 2 on: Jun 30, 2018
Excellent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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