The original source of capital is __________.


Fill in the blank(s) with the appropriate word(s).

savings

Economics

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The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm increases its output from 2 pounds of cookies to 3 pounds, the marginal cost is ________ per pound of cookies

A) $11 B) $15 C) $24 D) $39

Economics

When a government imposes a price floor on a good that is above the market equilibrium price

A) a surplus will develop. B) a shortage will develop. C) producers will increase their sales price. D) consumers will increase their demand for the good.

Economics