Refer to the data. With the demand schedule shown by columns (2) and (3), in long-run equilibrium:
A. price will equal average total cost.
B. total cost will exceed total revenue.
C. marginal cost will exceed price.
D. price will equal marginal revenue.
A. price will equal average total cost.
Economics
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a. level of real GDP. b. ratio of consumption to GDP. c. ratio of net exports to GDP. d. standard of living.
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In what ways do entrepreneurs differ from other innovators? In what types of businesses do entrepreneurs and innovators tend to work? How do past successes affect these types of individuals?
What will be an ideal response?
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