Which of the following is not a short-run decision for a fisherman?
a. hire more fishing crew
b. produce less fish
c. buy a new fishing boat
d. buy more bait
e. purchase less fuel for the boat
C
Economics
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Refer to the scenario above. The time value of the amount deposited is:
A) $300. B) $1,000. C) $1,300. D) $2,300.
Economics
If a competitive firm is currently producing a level of output at which profit is not maximized, then it must be true that
a. marginal revenue exceeds marginal cost. b. marginal cost exceeds marginal revenue. c. total cost exceeds total revenue. d. None of the above is correct.
Economics