The goal of managers is to manage resources in such a way
A) to make them worth as much as they would be in their next best use.
B) to make them worth more than they would be in any other use.
C) to cover the cost of capital.
D) to cover all opportunity costs.
B
Economics
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If a firm increases its capital stock per person while holding constant the number of workers employed, the firm is said to experience
A) capital augmentation. B) labor intensity. C) capital deepening. D) investment deepening.
Economics
At a firm's break-even point, its
A) total revenue equals its total opportunity cost. B) marginal revenue exceeds its marginal cost. C) marginal revenue equals its average variable cost. D) marginal revenue equals its average fixed cost.
Economics