In the long run a firm will go out of business if __________ is greater than ___________.
Fill in the blank(s) with the appropriate word(s).
total cost; total revenue
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Which statement is false?
A. Between 1789 and 1812 the United States' population doubled. B. Between 1812 and 1835 the United States' population doubled. C. Between 1835 and 1858 the United States' population doubled. D. None of the statements are false.
In the above figure, the initial supply of loanable funds curve is SLF0 and the demand for loanable funds investment curve is DLF0. An increase in the real interest rate to 7 percent could be caused by
A) an increase in investment demand. B) a decrease in the expected profit. C) an increase in people's disposable incomes. D) an expansion that increased both saving and investment by the same amount.
If the Fed is using policy to combat inflation, what is likely to happen in the foreign exchange market and to the foreign exchange value of the dollar?
A) The demand for the dollar will increase and the foreign exchange value of the dollar will rise. B) The demand for the dollar will decrease and the foreign exchange value of the dollar will fall. C) The demand for the dollar will decrease and the foreign exchange value of the dollar will rise. D) The demand for the dollar will increase and the foreign exchange value of the dollar will fall.
The change in output resulting from the addition of one more worker is
A) marginal physical product. B) marginal revenue product. C) average physical product. D) average revenue product.