An entrepreneur can be fairly certain about some factors associated with production, but is most likely to use guesswork or intuition to estimate
A) wage rate
B) monthly rent
C) price
D) labor productivity
E) interest rate
Correct Answer:
Verified
Q74: Q75: It may be advisable for a firm Q76: Technically speaking, if price > AVC, then Q77: If a firm is currently producing where Q78: There may be other goals an entrepreneur Q80: Suppose the firm's total revenue is $4,000 Q81: If a potato farmer increases output and Q82: Economists believe that entrepreneurs, whether they can Q83: If the price doesn't change, no matter Q84: Average revenue is another way of describing
A)
A)
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