Although based in the United States, IBM is a global company with more than ________ of its revenue earned outside of the United States
A) one-fourth B) one-third C) one-half D) two-thirds
D
Economics
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If a monopolistically competitive firm lowers its price and, as a result, its total revenue decreases then
A) the output effect of the price change was less than the price effect. B) the output effect of the price change was greater than the price effect. C) the substitution effect of the price change was greater than the income effect. D) the firm's demand curve must have decreased.
Economics
Why is it that the consumer can maximize total net utility only if the purchase quantity brings marginal utility as close as possible to equality with price?
Economics