If a firm sets marginal revenue equal to marginal cost, it will make an economic profit
Indicate whether the statement is true or false
False. When a firm sets MR=MC it maximizes profits but the profit-maximizing level of output might still be negative (the smallest loss possible).
Economics
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What are "cash-out refinancings"?
What will be an ideal response?
Economics
If the contribution from capital and labor growth in a given economy equals 4.0 percent and output growth equals 6.4 percent over that same period of time, then productivity growth must equal ________
A) 25.6 percent B) 10.4 percent C) 2.4 percent D) 1.6 percent
Economics