A business firm should refuse to sell any item for which it cannot obtain a price at least as large as what
A) it cost the firm to produce the particular item.
B) it costs the firm on average to produce the item.
C) it would cost the firm to produce another item identical to the item being sold.
D) the item will be worth to the firm if not sold.
D
Economics
You might also like to view...
When the real interest rate falls, there is
A) an upward shift of the consumption function. B) an increase in the slope of the consumption function. C) a movement upward along the consumption function. D) a decrease in the slope of the consumption function. E) a downward shift of the consumption function.
Economics
The statement "It is better to suffer a little more unemployment than a little lower price" is an example of normative economic analysis
a. True b. False Indicate whether the statement is true or false
Economics