This topic contains a solution. Click here to go to the answer

Author Question: If a firm decreases output when MR > MC, then: a. profit will equal zero. b. profit will ... (Read 116 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

itsakadoozi

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

c

Answer to Question 2

d




SAVANNAHHOOPER23

  • Member
  • Posts: 542
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library