Organizations that survive over time
A) will never change in the future.
B) are efficient.
C) will be forced to become horizontal.
D) are inefficient.
B
Economics
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"By producing at an output rate at which marginal revenue equals marginal cost, a firm is definitely making positive economic profits." Do you agree or disagree? Why?
What will be an ideal response?
Economics
If the demand for swordfish is price elastic and the price of swordfish increases, then
a. the quantity of swordfish demanded will increase b. the total revenue from swordfish sales will decrease c. the total revenue from swordfish sales will increase d. the total revenue from swordfish sales will not change e. whether total revenue rises or falls depends on how much the price of swordfish increases
Economics