When its marginal cost increases, a firm aiming at maximizing net revenue
A) can always raise its price, but only by the amount of the cost increase.
B) can often raise its price by more than the cost increase.
C) can raise its price, but always by less than the cost increase.
D) may not be able to raise its price at all.
D
Economics
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A firm that hires labor in a purely competitive resource market is a:
A. "Price maker" B. "Product taker" C. "Money maker" D. "Wage taker"
Economics
All of the following costs will vary depending on the geographic location of a firm's plant except which one?
A) zoning issues B) Federal employee taxes C) traffic regulations involving large trucks D) real estate values
Economics