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Author Question: When total revenue minus total cost is equal to zero, the firm is: a. earning above-average ... (Read 148 times)

plus1

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on: Jun 30, 2018
When total revenue minus total cost is equal to zero, the firm is:
 a. earning above-average economic profit.
  b. earning a normal profit.
  c. losing too much money to stay in business.
  d. earning abnormally low profits.

Question 2

If all firms expect greater demand for their products or services, they will hire _____ resources like labor and capital and the economy will experience _____.
 a. fewer; recession
  b. fewer; growth
 c. more; deflation
 d. more; recession
  e. more; growth


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yahahah24021

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


plus1

  • Member
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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

scikid

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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