Profits represent
A) a reward to entrepreneurs.
B) the income earned from a bond.
C) the difference between total tax revenue and total government spending.
D) the payments firms make to their employees.
A
Economics
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Joe runs a business and needs to decide how many hours to stay open. Figure 2.2 illustrates his marginal benefit of staying open for each additional hour. Suppose that we observe Joe staying open 6 hours per day
If he is following the marginal principle, what must his marginal cost per hour be? A) $16 B) $24 C) $32 D) $48
Economics
Net investment equals gross investment minus depreciation
Indicate whether the statement is true or false
Economics