If, as a firm increases its rate of output, total cost increases as well,
a. profit cannot be maximized
b. revenue cannot be maximized
c. cost cannot be minimized
d. marginal cost is increasing
e. marginal cost is positive
E
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The production of electricity creates pollution. When deciding how much electricity to buy, customers ________ the cost of pollution. When deciding how much electricity to buy, producers ________ the cost of pollution
A) take into account; take into account B) do not take into account; do not take into account C) take into account; do not take into account D) do not take into account; take into account E) None of the above answers is correct.
Management ______ are measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action
a. Plans b. Actuarial resources c. Quality circles d. Tools
The interest rate is the
a. rate of investment. b. price of credit. c. rate of return on investment in capital goods. d. expected rate of inflation.
When there is a shortage of a product in a market the:
A. price will fall. B. price must be below the equilibrium price. C. price must be above the equilibrium price. D. producers will reduce output and sales will fall.