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Author Question: If a firm decreases output when MR > MC, then: a. profit will equal zero. b. profit will ... (Read 52 times)

SAVANNAHHOOPER23

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on: Jun 30, 2018
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.


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itsakadoozi

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

c

Answer to Question 2

d


SAVANNAHHOOPER23

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  • Posts: 542
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
:D TYSM

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