The role of the entrepreneur in society is to
A. regulate what products are considered safe to market.
B. provide capital to the firm which the management combines with labor.
C. control the land upon which all production takes place to get the most rent.
D. bring the factors of production together and take the risks of producing.
Answer: D
Economics
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Suppose a firm finds it is better off operating than shutting down in the short run. What is true at the quantity at which marginal cost equals marginal revenue?
a. total cost equals total revenue b. average cost equals average revenue c. profit is maximized d. revenue is maximized e. cost is minimized
Economics
According to economists, "money" means the same thing as "wealth"
a. True b. False Indicate whether the statement is true or false
Economics