Adding value means
A) to make products that have positive prices.
B) that the value of a firms output is greater than the value of the output that was not produced by the inputs the firm employs.
C) that the firm has a positive economic profit.
D) that economic profit is zero.
B
Economics
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Refer to Table 14-3. Consider the above simplified balance sheet for a bank. If the required reserve ratio is 10 percent, the bank can make a maximum loan of
A) $2,000. B) $5,000. C) $6,300. D) $45,000.
Economics
What answers are required before the notions of horizontal and vertical equity become meaningful?
What will be an ideal response?
Economics