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Author Question: A company does not need to know the price of each resource it employs if it wants to determine ... (Read 57 times)

jeatrice

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on: Jun 29, 2018
A company does not need to know the price of each resource it employs if it wants to determine whether or not it is achieving
 
  A) technological efficiency.
  B) economic efficiency.
  C) accounting efficiency.
  D) managerial efficiency.

Question 2

Marginal revenue is defined as
 
  A) the value of a firm's sales.
  B) the total revenue from the total amount the firm sells.
  C) the change in total revenue that results from a one-unit increase in the quantity sold.
  D) total revenue divided by the total quantity sold.


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parker125

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


jeatrice

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Reply 2 on: Jun 29, 2018
Excellent

flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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