A company does not need to know the price of each resource it employs if it wants to determine whether or not it is achieving
A) technological efficiency.
B) economic efficiency.
C) accounting efficiency.
D) managerial efficiency.
A
Economics
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Entitlements are government programs for which _____
a. funds are provided for those who meet the eligibility requirements b. funds are appropriated to an agency in one lump sum c. social services are provided d. b and c
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Entry of new firms causes
A) accounting profits to go to zero. B) market share to grown. C) economic profits to go to zero. D) total revenue to be maximized.
Economics