This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The point of maximum profit for a business firm is where: a. P = AC. b. TR = TC. c. MR = AR. d. ... (Read 64 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
The point of maximum profit for a business firm is where:
 a. P = AC.
  b. TR = TC.
  c. MR = AR.
  d. MR = MC.
  e. TR = MR.

Question 2

If a 1 percent decrease in the price of product A brings about a 3 percent increase in the sales of product B, then:
 a. products A and B are complementary.
  b. the cross elasticity of demand between these two products is positive.
  c. products A and B are substitutes.
  d. the demand for these products is inelastic.
  e. the total revenue earned from product A will decrease.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Wow, this really help

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Your Culture and Your Point of View Your Culture and Your Point of View
Label the four mutated DNA segments shown below according to the type of point mutation each ... Label the four mutated DNA segments shown below according to the type of point mutation each ...
Decimal Point Place Values Decimal Point Place Values
Business mathematics Business mathematics
International Business Management International Business Management
Business Mathematics in Canada, 11e (Jerome, Worswick) Business Mathematics in Canada, 11e (Jerome, Worswick)
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library