A popular resort restaurant will maximize profits if it chooses to stay open during the less-crowded "off season" when its total revenues exceed its variable costs
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Total revenue
a. can be calculated directly from the demand curve. b. can be calculated directly from the average revenue curve. c. is found by multiplying price times quantity. d. All of the above are correct.
Economics
If the forward rate for a foreign currency is less than the spot rate, the foreign currency is selling at a forward premium.
a. true b. false
Economics