[(P - ATC)q] represents
A. economic profit.
B. total cost.
C. average fixed cost.
D. total revenue.
Answer: A
You might also like to view...
Some policymakers claim that raising the minimum wage leads to higher employee morale and productivity. In this sense, an increased minimum wage would be operating like
A) an equilibrium real wage. B) an efficiency wage. C) a full employment wage. D) a sticky wage.
The value-added tax is a(n)
a. direct tax. b. indirect tax. c. flat tax. d. income tax.
A business owned by a single individual who is fully liable for its debts is called
a. a corporation. b. a proprietorship. c. a partnership. d. an agency.
If a share of stock in Dell sells for $70, the retained earnings per share are $5, and the dividend per share is $2, then the price-earnings ratio is 10
a. True b. False Indicate whether the statement is true or false