The short-run break-even price
A) is the price at which the firm's current liabilities are paid off.
B) is the price at which a firm's total revenues equal total costs.
C) occurs at the output at which the firm yields a below normal rate of return.
D) occurs at the output at which the firm yields a positive economic profit.
Answer: B
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A tax is progressive if the ratio of taxes to income rises as income rises.
Answer the following statement true (T) or false (F)
States rely primarily on income taxes as a source of revenue
a. True b. False Indicate whether the statement is true or false
The concept that relates how much one variable changes as another variable changes is
A) slope. B) line. C) curve. D) graph.
How were labor rights affected by the long economic depression of the 1930s?
a. Unions disbanded until the economy improved. b. Labor unions and reform movements stalled. c. New anti-labor reforms restricted union activities. d. Many important pro-labor reforms were passed.