In making an investment decision,an entrepreneur
A) Makes a decision to exit if price is above marginal cost.
B) Makes a short-run decision.
C) Only considers variable costs.
D) Must take account of diminishing returns.
Correct Answer:
Verified
Q5: Which of the following is characteristic of
Q6: If someone invents a more cost effective
Q7: Which of the following is an investment
Q8: If economic profits are earned in a
Q9: The equilibrium price in a competitive market
A)Ensures
Q11: In a competitive market where firms are
Q12: If the price of ricotta cheese,an ingredient
Q13: The market supply curve in a perfectly
Q14: Which of the following is a determinant
Q15: If a new sushi restaurant opens,then
A)The market
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