A firm that decides to make a price cut assumes that marginal profit is negative
a. True
b. False
Indicate whether the statement is true or false
False
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If short-run aggregate supply is upward sloping, the assumption is that
A) prices are perfectly sticky. B) prices are set by government mandate. C) prices adjust gradually. D) prices are constant.
What factors can push the real wage rate above its equilibrium level? Briefly explain each factor
What will be an ideal response?
What economic problems persist in Latin America? How has this shaped recent policy in the region and why are changes particularly challenging?
What will be an ideal response?
Dividend refers to
a. a corporation's regular payments to lenders. b. part of the revenue given to stockholders of a corporation. c. a lender's legal claim on the assets of a bankrupt corporation. d. a prepayment of a corporation's legal obligation.