This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When total revenue minus total cost is equal to zero, the firm is: a. earning above-average ... (Read 107 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


plus1

  • Member
  • Posts: 676
Reply 2 on: Jun 30, 2018
:D TYSM

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Total hip prosthesis. Total hip prosthesis.
The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
Video: Audiology

For a complete list of videos, visit our video library