What is total revenue for a firm?
What will be an ideal response?
Total revenue is the amount of its product a firm sells times the price of its product.
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Refer to Table 8-14. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The GDP deflator for 2016 equals
A) 92.2. B) 102.6. C) 108.5. D) 109.1.
All of the following can be used to compute average profit except
A) marginal profit minus marginal cost. B) average revenue minus average total cost C) total profit divided by quantity. D) price minus average total cost.
Since 1981, welfare rules have shifted the focus from work requirements to work incentives
Indicate whether the statement is true or false
Between 1980 and 2005, the Vanguard Index Fund earned 12.3%/year, while the average mutual fund investor earned:
a. 1.9% b. 2.3%. c. 5.1%. d. 7.3%.