Author Question: Adding value means A) to make products that have positive prices. B) that the value of a firms ... (Read 59 times)

jc611 · **on:** Jun 30, 2018

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.

Question 2

Differences in income can be accounted for by differences in:
a. age.
b. education.
c. preferences toward leisure.
d. all of the above.