Survivability in a perfectly competitive world requires that
A) firms minimize average total cost.
B) firms produce new and different products.
C) firms maximize profit.
D) firms maximize revenue.
C
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Jon spends all of his income on energy drinks (E) regardless of the price and his income. Derive Jon's demand equation for energy drinks, E*(p,Y)
What will be an ideal response?
The Budget of the United States Government is officially submitted by: a. the President to Congress and contains spending and revenue proposals for the upcoming fiscal year. b. Congress to the President and contains spending and revenue proposals for the upcoming fiscal year. c. the President to Congress and contains proposals for tax revenues
d. Congress to the President and contains proposals for tax revenues. e. the President to Congress and is reviewed by the Supreme Court.