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Author Question: If a profit-maximizing firm is currently producing output where MR = MCin the short run, it should (Read 77 times)

fagboi

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on: Apr 19, 2019

Question 1

If a firmʹs demand curve is ________, then at the profit-maximizing level of output 
P = 
MR = 
MC.


◦ relatively elastic
◦ perfectly elastic
◦ perfectly inelastic
◦ relatively inelastic

Question 2

If a profit-maximizing firm is currently producing output where 
MR = MC in the short run, it should


◦ increase output.
◦ decrease output.
◦ not change output.
◦ shut down.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by fagboi on Apr 19, 2019

katara

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fagboi

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Reply #2 on: Apr 19, 2019
TY


katara

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Reply #3 on: Apr 19, 2019
You're welcome


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