In a graph of a firm's short-run total costs and total revenue, the total cost and the total revenue curves, respectively, will intersect the vertical axis
A) above the origin, above the origin.
B) above the origin, at the origin.
C) at the origin, at the origin.
D) below the origin, below the origin.
B
You might also like to view...
In the circular flow model, which of the following is on the buying side in the goods market?
i. firms ii. households iii. federal, state, and local governments A) i only B) ii only C) iii only D) i and ii E) ii and iii
When General Dwight D. Eisenhower ran for the presidency for the first time, he said he would
A. end the recession and end inflation. B. end the recession and end the Korean War. C. end inflation and end the Korean War. D. end the recession, the Korean War, and inflation.
An import quota is:
A. a restriction limiting the quantity of imported goods that can legally enter a domestic market. B. a fixed fee that an importing firm must pay the domestic government in order to have the legal right to sell the product in the domestic market. C. the fee an importing firm must pay to the domestic government on each unit it brings into the domestic market. D. None of the statements are correct.
How can one "beat the market"?
What will be an ideal response?