A firm will make a profit when
A) P > AVC. B) P = MC. C) P > ATC. D) P = ATC.
C
You might also like to view...
Which of the following economies performed the worst between 1960 and 2011?
A) South Korea B) India C) Japan D) Taiwan
As a result of slow economic growth following the recession of 2007-2009, companies including Intel and Worthington Industries cut production and employment in 2015 as a result of the sluggish growth in the total amount of spending in the economy. The total amount of spending in the economy is known as
A) planned investment spending. B) aggregate expenditure. C) deficit spending. D) equilibrium spending.
A liability to a bank is
a. something that the bank owns. b. something that the bank owes. c. something a customer owes the bank. d. the value of bank buildings and hardware.
Figure 11.1Profits for the monopolistically competitive firm depicted in Figure 11.1:
A. will increase in the long run. B. will not change in the long run. C. will decrease in the long run. D. are impossible to predict in the long run.