Economists believe that entrepreneurs, whether they can articulate their behavior or not, always think about ________, which explains their MC = MR profit-maximizing activity
a. minimizing ATC
b. maximizing revenue
c. the consequences of producing the next unit
d. maximizing output
e. doing better than breaking even
C
Economics
You might also like to view...
When the Federal Reserve raises the federal funds rate, the quantity of reserves ________, the quantity of money ________, and the quantity of loans ________
A) increases; increases; increases B) decreases; decreases; decreases C) increases; increases; decreases D) decreases; decreases; does not change E) decreases; does not change; does not change
Economics
Which of the following nations had the lowest growth rate between 1960 and 2011?
A) Taiwan B) Chile C) Ethiopia D) South Korea
Economics