The supply chain refers to
A) the supply curve.
B) the process of outsourcing.
C) the process of downsizing.
D) the process of creating and selling a product.
D
Economics
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A perfectly competitive ebook publishing firm currently sells its ebook at the market price of $6. Its average total cost is $5.50. In this case:
a. since average total cost is less than the price, the firm will shut down. b. the firm has positive economic profits. c. the firm is losing money but will continue to operate. d. the firm has zero economic profits.
Economics
If there is an increase in taxes on business firms in a small open economy, it causes the current account to ________ and the equilibrium quantity of saving to ________
A) fall; fall B) rise; remain unchanged C) fall; remain unchanged D) rise; fall
Economics