A firm operating with diminishing total returns cannot be profit maximizing
What will be an ideal response?
True. This firm could produce more output with fewer inputs. This cannot be profit maximizing.
Economics
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The percentage of workers who work part time for noneconomic reasons
A) has decreased from 30 percent of the labor force in 1980 to 20 percent in 2011. B) does not fluctuate much at all with the business cycle. C) has trended upward since 1980. D) fluctuates strongly with the business cycle. E) decreases during a recession as the number of discouraged workers increases.
Economics
The slope of a straight line is
A) always equal to zero. B) calculated as y/x at any point. C) constant. D) always greater than zero.
Economics