In perfect competition, additional sales will be profitable if ________
A) the marginal cost is less than marginal revenue
B) sales price exceeds the variable product cost
C) total variable cost is less than sales price
D) the fixed cost equals the contribution margin
A
Business
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Which of the following features of the NAICS is not seen in the SIC?
A) The NAICS uses a digit based hierarchical system for classification. B) The NAICS codes facilitate international use. C) The NAICS was developed exclusively by the U.S. Census Bureau. D) The NAICS uses industry data collected by the U.S. Census Bureau.
Business
$1,200 is deposited today into an account paying 6% interest compounded semiannually. How much interest will have been earned after 25 years?
A) $3,950.24 B) $1,312.53 C) $20,904.19 D) $5,260.69 E) $4,060.69
Business