Most business people calculate marginal cost and marginal revenue to decide how much to produce

a. True
b. False
Indicate whether the statement is true or false

False

Economics

You might also like to view...

When firms increase capital stock, the productivity of their workers increases

Indicate whether the statement is true or false

Economics

When comparing point A, which lies within a utilities possibilities frontier, with point B, which lies on the same utilities possibilities frontier,

A) A is necessarily more efficient than B. B) A is necessarily more equitable than B. C) B is necessarily more efficient than A. D) B is necessarily more equitable than A.

Economics