If a firm decreases output when MR > MC, then: a. profit will ...

[SAVANNAHHOOPER23]

If a firm decreases 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

Two goods are complementary if:
 a. they are part of the basic food group.
  b. each performs the same basic task.
  c. the cross elasticity of demand is positive.
  d. they are used together.
  e. the income elasticity of demand is negative.

[itsakadoozi]

Answer to Question 1

c

Answer to Question 2

d

[SAVANNAHHOOPER23]

TYSM

[vickyvicksss]

Thanks for the timely response, appreciate it