If a firm seeks to maximize total revenue, it should produce the quantity where:
a. marginal revenue equals zero

Which of the following correctly describes a final good?

i. A final good is bought by its final consumer. ii. A final good can be used by a firm as a component of another good or service. iii. Investment goods cannot be a final good. A) i only B) i and ii C) i, ii and iii D) i and iii E) ii and iii

Property rights facilitate the development of trade

Indicate whether the statement is true or false