A Basic principle of economics is:
A) knowing your customer means understanding their income.
B) there are costs involved in any action or decision.
C) demand equals supply.
D) equilibrium is beneficial.
E) size and market share are important goals for a business.
B
Economics
You might also like to view...
A firm's demand curve for labor slopes downwards because
A) firms supply less labor as the wage rate rises. B) of rising marginal product. C) workers supply less labor services as the wage rate falls. D) of the law of diminishing marginal returns.
Economics
How does age affect the amount of income people earn?
Economics