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.
You might also like to view...
The marginal propensity to consume is always
a. a negative number b. larger than 1.0 c. larger than 10 d. greater than zero and less than 0.5 e. greater than zero and less than 1.0
Developing countries do:
A. compete with one another for foreign investment, and this competition reduces the benefits from foreign investment. B. not compete with one another for foreign investment, because they have sufficient domestic saving to finance their investment needs. C. not compete with one another for foreign investment, because they lack the infrastructure to attract it in the first place. D. compete with one another for foreign investment, but this competition is beneficial to developing countries because it insures a more efficient allocation of resources.
The first step in enforcing any antitrust policy is to
A. win the support of the public. B. define the market. C. win congressional approval. D. win the approval of the state senators from the state where the company is headquartered.
What have been the principal effects of the persistent trade deficits?
What will be an ideal response?