An investment option is profitable if:
A) its net present value is zero.
B) its net present value is positive.
C) its net present value is negative.
D) its present value is negative
Question 2
The short-run supply curve of a competitive firm is the portion of:
A) its average cost curve that lies above its marginal cost curve.
B) its average cost curve that lies below its marginal cost curve.
C) its marginal cost curve that lies above its average variable cost curve.
D) its marginal cost curve that lies below its average cost curve.
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