The most cost-efficient input is the one that can produce the most revenue per unit of input.
Answer the following statement true (T) or false (F)
False
Cost efficiency is the amount of output associated with an additional dollar spent on input-the MPP of an input divided by its price (cost).
Economics
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An office supply store sells a ream of printer paper at a fixed price of $4.50. Which of the following is a term used by economists to describe the money received from the sale of an additional ream of paper?
A) pure profit B) gross earnings C) marginal costs D) marginal revenue E) net benefit
Economics
Which of these forms of financing is generally not employed by very large firms?
A) commercial paper B) medium-term notes C) public debt D) mezzanine funds
Economics