Stampp (1976) finds evidence to suggest that the Southern slave owners were operating at losses, not profits
Indicate whether the statement is true or false
False
You might also like to view...
Normally, the Federal Deposit Insurance Corporation would shut down a bank when:
A) assets of the bank equal the liabilities of the bank. B) assets of the bank exceed the liabilities of the bank. C) liabilities of the bank exceed the assets of the bank. D) stockholders' equity is greater than zero.
What are the constraints that a firm faces? How does each constraint limit the firm's profit?
What will be an ideal response?
Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers it produces 90 units of output. Fixed cost of production are $6 and the variable cost per unit of labor is $10 . The marginal product of the seventh unit of labor is 4 . Given this information, what is the total cost of production when the firm hires 7 workers?
a. $66 b. $76 c. $906 d. $946
For a monopolistically competitive firm in long-run equilibrium:
A. price will equal marginal cost. B. price will equal average total cost. C. marginal revenue will exceed marginal cost. D. economic profits will be some positive amount.