A firm that is currently producing at a level of output where marginal revenue is greater than marginal cost can increase profits by producing one more unit of output

a. true
b. false

Answer: a. true

Economics

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Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000. What is her accounting profit?

A) $12,000 B) $56,000 C) $86,000 D) $98,000

Economics

Stephen R. Covey's book The 7 Habits of Highly Effective People has as the final 7th Habit the following:

a. Sharpen the saw b. Be proactive c. Synergize d. Think win-win

Economics