Total revenue minus both explicit and implicit costs defines a firm's:
A. profit.
B. net worth.
C. gross earnings.
D. marginal earnings.
Answer: A
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In 2014, foreign purchases of U.S. corporate stocks and bonds
A) doubled. B) grew at a faster pace than foreign investment in U.S. corporate bonds. C) grew at a faster pace than foreign investment in U.S. government bonds. D) fell.
_________ policy focused on educational spending and building the skills of the workforce generally contributes to a higher rate of economic growth.
a. Fiscal b. Monetary c. Investment d. Taxation
Refer to Figure 8.1 above. The total fixed costs for Cyndy's Floral Arrangements are $1,000. If Cyndy's Floral Arrangements produces 200 silk flower arrangements, the average fixed costs are A) $.20. B) $5. C) $20. D) $200.
Salespersons are often a good source of external information in the consumer decisions making process.
a. true b. false