Executives should
A) spend an additional dollar on an activity if consumers value it by more than a dollar.
B) do more of something if marginal revenue is positive.
C) pend an additional dollar on an activity if consumers value it by less than a dollar.
D) do more of something if average revenue is greater than zero.
A
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Refer to Table 9-10. Fill in the following table with the opportunity costs of producing bows and arrows for Tran and Farah
Pens Pencils Tran Farah
The part of corporate profits that is paid to the shareholders of a corporation is
A) retained earnings. B) shareholders. C) dividends. D) business revenue.
The statistical discrepancy in the balance of payments
a. is always positive b. is always negative c. is always zero d. is either positive, negative, or zero e. is indeterminate
Professional underwater divers are known to have high wages and work an average of only 20 hours per week. Which of the following would push the divers' wages higher?
a. The job is simple. b. The job is fun. c. The job is very dangerous. d. The job does not require specialized training.