Author Question: When total revenue minus total cost is equal to zero, the firm is: a. earning above-average ... (Read 152 times)

plus1 · **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