Losses
What will be an ideal response?
When sales revenue is less than the production. Taking a set of resources worth a certain amount when you buy them and combining them in such a way that you destroy some of the value of the resources when compared to how much you originally paid for them. Not to be encouraged.
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When the value of one currency falls relative to another currency, the exchange rate for the first currency has
A) depreciated. B) appreciated. C) demanded. D) revalued.
Which of the following does NOT explain why developing countries encouraged new manufacturing industries of their own in the mid 20th century?
A) They were cut off from traditional suppliers of manufactures during WWII. B) Former colonial areas had something to prove; they wanted to attain the same income levels as their former rulers. C) Leaders of these countries feared that their efforts to escape poverty would be doomed if they continues to specialize in primary commodity exports. D) There was political pressure to protect these industries. E) Developing countries ran out of the natural resources that traditionally made up the majority of their trade.
When the founder of a corporation dies or leaves the company, that corporation
A. must reorganize. B. must issue new shares of common stock. C. loses its limited liability status. D. can continue its operations uninterrupted.
Fred Ramirez is a farmer who charts the relationship between number of acres planted in corn and number of bushels of corn harvested. Which marginal concept can Fred measure with this data?
a. marginal utility b. marginal product c. marginal cost d. marginal revenue product e. marginal factor cost