The short-run break-even price
A. occurs at the output at which the firm yields a below normal rate of return.
B. occurs at the output at which the firm yields a positive economic profit.
C. is the price at which the firm's current liabilities are paid off.
D. is the price at which a firm's total revenues equal total costs.
Answer: D
You might also like to view...
What happens in public schools when government funds subsidize education?
A) There is a shortage of schools. B) The quality of education rises. C) The cost of providing the education is less than what the student pays. D) The cost of providing the education is more than what the students pays.
1 A business cycle is:
a. the period of time in which there are three phases which are: peak, depression, and expansion. b. the period of time in which expansion and contraction of economic activity are equal. c. the period of time in which a business is established and ceases operations. d. the recurring growth and decline in real GDP.
Net exports equals
A) exports divided by imports. B) the sum of exports and imports. C) exports minus imports. D) exports during the year. E) none of the above
If inflation is expected by both borrowers and lenders, then we would expect
a. real rates to be higher than nominal rates of interest. b. real rates to be equal to nominal rates of interest. c. real rates to be lower than nominal rates of interest. d. nominal rates of interest to be less than the expected inflation rate.