Assuming there are no externalities, if a firm is producing at an output level where the benefits to consumers exceed the cost to the suppliers to produce it, then price
A. is greater than marginal cost.
B. is less than marginal cost.
C. is less than marginal revenue.
D. equals marginal cost.
Answer: A
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A decrease in the value of a currency is called a(n)
A) depreciation. B) integration. C) appreciation. D) consolation.
A profit-maximizing firm hires labor until
a. the price of output equals the price of labor. b. the price of output equals the marginal product of labor c. the real wage equals the marginal product of labor. d. the real wage equals the marginal product of labor multiplied by the price of output.
The percentage of foreign-born people living in the U.S. continued to rise after the Civil War
Indicate whether the statement is true or false
Generally, investors expect that projects with high expected net present values also will be projects with
a. low risk b. high risk c. certain cash flows d. short lives e. none of the above