If a firm with variable costs of $14 million lost money and continues to operate, we may conclude that its total revenue is __________.
Fill in the blank(s) with the appropriate word(s).
more than $14 million
You might also like to view...
The materials balance model
a. captures only environmental pollution b. explicitly illustrates both the flow of resources and the flow of residuals c. illustrates both the money and real flows d. all of the above e. (b) and (c) only
Refer to the above table. If opportunity costs are constant, then the opportunity cost of producing good B in country X is ________, and the opportunity cost of producing good B in country Y is ________
A) 1 unit of A; 2 units of A B) 1 unit of A; 0.5 unit of A C) 1 unit of B; 2 units of A D) 1 unit of A; 0.5 unit of B
According to the above figure, the profit maximizing price-output combination for the monopolist is a price of
A) 50 cents and an output of 40,000 newspapers per day. B) 30 cents and an output of 30,000 newspapers per day. C) 60 cents and an output of 30,000 newspapers per day. D) 45 cents and an output of 45,000 newspapers per day.
The level of household debt incurred over the two decades leading up to the 2008 crisis was only sustainable if interest rates:
A. remained low and housing prices remained high. B. and housing prices both remained high. C. and housing prices both remained low. D. remained high and housing prices remained low.