When would it make sense for a factory that is losing money to remain in operation?
(A) If the revenue from the goods being manufactured exceeds the operating cost.
(B) If marginal revenue is equal to marginal cost.
(C) If total cost of the goods being manufactured exceeds the operating cost.
(D) If marginal product of labor becomes negative.
Ans: (A) If the revenue from the goods being manufactured exceeds the operating cost.
Economics
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Refer to Figure 9-5. With the tariff in place, the United States
A) imports 20 million pounds of coffee. B) exports 38 million pounds of coffee. C) imports 18 million pounds of coffee. D) imports 12 million pounds of coffee.
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An outward shift of an economy's production possibilities curve is caused by:
a. an increase in capital. b. an increase in labor. c. an advance in technology. d. all of these.
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