Cash is included in m2

When there is no other way of producing a given level of output with a smaller total value of inputs, the firm is operating at:

a) maximum profit. b) an irrelevant output. c) maximum output. d) minimum cost. e) optimal output.

The market demand that is NOT met by other sellers in a market is known as a firm's

A) excess demand curve. B) market demand curve. C) residual demand curve. D) leftover demand curve.