In the short run the firm has at least one fixed input.
Answer the following statement true (T) or false (F)
True
Economics
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Economics
When a firm's economic profit is greater than zero, the accounting profit is called normal profit
a. True b. False Indicate whether the statement is true or false
Economics
When the dollar value of a country's imports of final products exceeds the dollar value of its exports, the country has a
A. balance of trade deficit. B. balance of payments surplus. C. balance of trade surplus. D. balance of payments deficit.
Economics
Define a corporation
What will be an ideal response?
Economics