Profit is the difference between:
a. total output and total costs.
b. total revenue and total costs.
c. total revenue and total sunk costs.
d. total output and total sunk costs.
e. total revenue and opportunity costs.
b
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Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if ?=0.25 then growth of output can be estimated to be:
A. 4.25%. B. 4.00%. C. 6.00%. D. 4.75%.
The Green Chemistry Program
a. calls for participants in the product cycle to reduce life cycle environmental effects of products b. is synonymous with product stewardship c. involves only participants from the scientific community d. involves partnerships with many sectors, including academia, industry, research centers, and others
While the U. S. government investigates few claims of dumping, nearly all of the claims are upheld by the International Trade Commission.
Answer the following statement true (T) or false (F)
In game theory, when all players are playing their best strategy given what their competitors are doing, the result is a Nash equilibrium.
Answer the following statement true (T) or false (F)