The more leveraged an investment, the ________ the potential gain and the ________ the potential loss from that investment

The value added approach involves adding up the value of the final product and the value of intermediate goods used in the production process

a. True b. False Indicate whether the statement is true or false

If a price taker in a competitive market is going to maximize profits, he must

a. increase the price of his product. b. minimize his fixed costs of production. c. minimize the per-unit cost of producing the good. d. use the highest valued set of resources to produce his product.