The amount by which firms' sales revenue exceeds their payments to factors of production is called
A) rent.
B) capital.
C) profit.
D) interest.
Correct Answer:
Verified
Q80: Figure 2-2 Q81: Figure 2-3 Q82: Suppose a nation is currently producing at Q83: An economic outcome is said to be Q84: In the markets for factors of production, Q86: A certain production possibilities frontier shows production Q87: In economics,capital refers to Q121: Any point on a country's production possibilities Q139: When constructing a production possibilities frontier,which of Q155: Production possibilities frontiers are usually bowed outward.This
A)households
A)the finances necessary for
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