Author Question: In the short run, a firm will stay in business as long as: a. price equals average revenue. b. ... (Read 65 times)

justinmsk · **on:** Jun 30, 2018

In the short run, a firm will stay in business as long as:
a. price equals average revenue.
b. marginal revenue is greater than or equal to marginal cost.
c. price exceeds average variable cost.
d. price is less than average variable cost.

Question 2

The number of computers bought increased by 20 percent when the price of on-line services declined by 10 percent. Assuming other factors are held constant, computers and on-line services are classified as:
a. complements.
b. unrelated goods.
c. substitutes.
d. social goods.