Which of the following types of firms should expect a higher rate of return?
a. an auto dealership
b. a biotech pharmaceutical firm
c. a manufacturer of screws and bolts
d. a paper products firm
e. all of the above
b
Economics
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In an indifference curve/budget line diagram, at your consumer equilibrium, that is, your best affordable point, which of the following statements is CORRECT?
A) Any movement upward or downward on your budget line will move you to a less preferred point. B) Any movement upward or downward on your indifference curve will move you to a less preferred point. C) Your marginal rate of substitution is greater than the magnitude of the budget line by as much as possible. D) All of the above are correct.
Economics
Can economic profit ever exceed accounting profit?
Economics