“Our marginal revenue is greater than our marginal cost at the current production level.” This statement indicates that the firm
Multiple Choice Quizzes with Answer in English (Page: 401)
Generally when calculating profits as total revenue minus total costs, accounting profits are larger than economic profits because economists take into account
Marginal benefit refers to:
Maximizing the present value of all future profits is the same as maximizing current profits if the growth rate in profits is:
Suppose the growth rate of the firm’s profit is 5%, the interest rate is 6%, and the current profits of the firm are 100 million dollars. What is the value of the firm?
. Suppose the growth rate of the firm’s profit is 5%, the interest rate is 6%, and the current profits of the firm are 80 million dollars: What is the value of the firm?
Which is the correct statement about the relationship between government and the market?
Because of producer-producer rivalry, the price will tend to:
Producer-producer rivalry functions:
Consumer-consumer rivalry arises because of:
Consumer-consumer rivalry:
Trade will take place:
Consumer-producer rivalry occurs because of:
Which of the following is not the source of rivalry that exists in economic transactions?
Incentive plans imply:
When MB = 300 – 12Y and TC = 12Y + 108, the optimal level of Y is:
Which of the following is the incorrect statement?
Maximizing total benefits is equivalent to maximizing net benefits if and only if there are:
In order to maximize net benefits, the managerial control variable should be used up to the point where:
If marginal costs exceed marginal benefits, then: