A firm's net worth is calculated as
A) the difference between a firm's revenues and explicit costs.
B) the difference between a firm's liabilities and outstanding equities.
C) the difference between a firm's assets and liabilities.
D) the difference between a firm's revenues and implicit costs.
C
You might also like to view...
Suppose that when the price of hamburgers decreases, the Ruiz family increases their purchases of ketchup. To the Ruiz family
A) hamburgers and ketchup are complements. B) hamburgers and ketchup and substitutes. C) hamburgers and ketchup are normal goods. D) hamburgers are normal goods and ketchup is an inferior good.
Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the price of each input is $30. All else equal, if the price of each input decreased from $30 to $20, productivity would:
A. increase from $50 to $60 and aggregate supply would decrease. B. increase from $60 to $70 and aggregate supply would increase. C. increase from $40 to $90 and aggregate supply would decrease. D. remain unchanged and aggregate supply would increase.