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Author Question: A firm is currently operating where the MC of the last unit produced = 64, and the MR of this unit = ... (Read 136 times)

2125004343

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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.


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briseldagonzales

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

b

Answer to Question 2

e


2125004343

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Reply #2 on: Jun 30, 2018
Thank you :)


briseldagonzales

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Reply #3 on: Jun 30, 2018
Happy to help you


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