When marginal revenue for a seller is more than marginal cost, the seller is
A) making a positive net revenue but not necessarily maximizing net revenue.
B) maximizing net revenue and making a positive net revenue.
C) maximizing net revenue even if net revenue is negative.
D) not maximizing net revenue.
D
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Which of the following statements is true?
A) The lower the risk in an investment, the higher is the expected return. B) The higher the risk in an investment, the higher is the expected return. C) The higher the principal amount of an investment, the lower the rate of interest offered on the investment. D) The higher the principal amount on the investment, the higher the rate of interest offered on the investment.
Which of the following is an example of a federal mandate?
A) the Medicaid program B) an excise tax C) the personal tax exemption D) the Food and Drug Administration (FDA)