Marty's Bird House suffers a short-run loss. Marty can reduce his loss below the amount of his total fixed costs by continuing to produce if his revenue
A) exceeds his implicit costs. B) exceeds his nonmonetary opportunity costs.
C) exceeds his marginal costs. D) exceeds his variable costs.
D
You might also like to view...
If the price of iPads falls while demand remains unchanged, then total consumer surplus will ____________.
Fill in the blank(s) with correct word.
The quantity of real GDP demanded equals $16.4 trillion when the price level is 95. If the price level falls to 90, the quantity of real GDP demanded equals
A) less than $16.4 trillion. B) $16.4 trillion. C) more than $16.4 trillion. D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.
If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to ___________, since the supply of Yen has__________
a. Appreciate; Decrease b. Depreciate; Decrease c. Appreciate, Increase d. Depreciate; Increase
Explain what factors determine how much investment is required to maintain a given level of capital per effective worker
What will be an ideal response?