In the long run, if a firm's total cost exceeds its total revenue at all output levels, it should
a. always exit the industry
b. always continue operating
c. increase the amount of its fixed inputs
d. increase the proportion of its total cost that is fixed
e. maximize the difference between its marginal revenue and its marginal cost
A
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How did the Zimbabwean hyperinflation end?
A. As of 2016, Zimbabwe's hyperinflation has not yet ended. B. Mugabe legalized transactions in foreign currencies. C. the Zimbabwean dollar was replaced with a new Zimbabwean currency. D. Zimbabwe's central bank sharply reduced the money supply.
Depreciation is defined as the
A) decrease in the stock of capital due to wear and tear. B) increase in the stock of capital due to investment by firms. C) increase in the stock of capital due to wear and tear. D) decrease in the stock of capital due to investment by firms.