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

Author Question: A firm is currently operating where the MC of the last unit produced = 64, and the MR of this unit = ... (Read 147 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
A firm is currently operating where the MC of the last unit produced = 64, and the MR of this unit = 70 . What would you advise this firm to do?
 a. Shut down.
  b. Increase output.
  c. Stay at current output.
  d. Decrease output.
  e. Decrease price.

Question 2

The cross elasticity of demand for complementary products must:
 a. be greater than one.
  b. be less than one.
  c. be zero.
  d. exceed zero.
  e. be negative.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


2125004343

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jun 30, 2018
Thank you :)


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

The mammalian urinary system including the basic functional unit of the nephron. The mammalian urinary system including the basic functional unit of the nephron.
Spiral Produced by twisting stresses that are spread along the length of a bone (note the break in t Spiral Produced by twisting stresses that are spread along the length of a bone (note the break in t
Schematic Diagram of the fluidized bed for the experiment (CHE415 Unit Operations) Schematic Diagram of the fluidized bed for the experiment (CHE415 Unit Operations)
Phosphopantetheine as the reactive unit in ACP and CoA Phosphopantetheine as the reactive unit in ACP and CoA
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library