The optimal level of military expenditures is the level at which _____
a. a country is completely protected from foreign invasion
b. a country spends more on national defense than all other countries along it to win an arms race
c. a country spends more on national than its rivals
d. the marginal benefit of additional expenditures equals marginal cost
d
Economics
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If a perfectly competitive firm finds that it is producing an amount of output such that MR > MC and P > AVC, it will
A) leave the industry. B) decrease its output. C) increase its output. D) not change its behavior.
Economics
The owner of a firm wants some advice on how to increase productivity. Suggest three ways the entrepreneur could increase labor productivity through improving technology
What will be an ideal response?
Economics