When a firm has earnings it has not yet paid out to the owners, those earnings are called
A) surplus capital. B) cash reserves. C) unearned income. D) retained earnings.
D
You might also like to view...
As a general rule, zero pollution is not socially desirable because
A. there would be no production. B. the Environmental Protection Agency (EPA) needs to have something to do. C. no pollution would lead to global warming. D. all of these answer options are correct.
Say's law
A. was a basic pillar of classical economics. B. was a basic pillar of Keynesian economics. C. was formulated during the Great Depression. D. proves that we can never have full employment.
A firm that generates zero economic profit usually has
A) negative business profit. B) zero business profit. C) positive business profit. D) business profit equal to half the total revenue.
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. At the market price of $18 per bale, if this farmer produces the profit-maximizing level of hay, the total revenue would be
A. $1,200. B. $2,800. C. $5,600. D. $6,300.