When a firm is operating at an output rate at which total revenue equal total costs, this is called
A) its shutdown point.
B) its breakeven point.
C) a short-run profit.
D) a loss.
Answer: B
You might also like to view...
The kinked demand curve is an explanation of sticky prices.
Answer the following statement true (T) or false (F)
If a country has a balance of payments deficit and wishes to maintain the fixed value of its currency, it will generally
a. sell its own currency for foreign currencies. b. buy its own currency with foreign reserves. c. decrease taxes to increase domestic disposable income. d. increase the money supply to keep interest rates down.
The buyer's reservation price for a particular good or service is the:
A. price the buyer must pay to ensure he or she gets it. B. largest price the buyer would be willing to pay for it. C. smallest price the buyer would be willing to pay for it. D. same as the market price.
The Trading Desk's open market operations
A. are confined within a one-hour interval each weekday morning. B. occur throughout each day. C. are confined within a six-hour interval each weekday morning. D. occur once a week.