A firm's profits equal $100 if
A) its total revenue is $100.
B) the sum of its total revenue and its total cost is $100.
C) the difference between its total revenue and its total cost is $100.
D) its total cost is $100.
Correct Answer:
Verified
Q45: The market where businesses sell goods and
Q46: Entrepreneurship is defined as the ability to:
A)
Q47: Households are on the:
A) supply side of
Q48: In the factor market:
A) households supply factors
Q49: A company such as Microsoft or Pepsi
Q51: Which two systems require the least amount
Q52: Households do all of the following except:
A)
Q53: Business decisions about what and how much
Q54: Businesses fail because:
A) they follow the principle
Q55: Profit is:
A) the same as cost.
B) the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents