Compared to the interest that an entrepreneur must pay on a loan or the opportunity cost of using her or his own funds, the entrepreneur's return on capital must be
A) less
B) greater than or equal to
C) greater
Correct Answer:
Verified
Q3: A typical labor supply curve shows that,
Q4: Exhibit 26-1 Q5: The MPP curve tells us how much Q6: A firm with 3 workers produces 8 Q7: A firm's marginal physical product the new Q9: The return on a factor above the Q10: Demand for labor comes from individual Q11: Total expenditure is the change in a Q12: The skills of labor are called human Q13: For most firms, the revenues the firms
A) workers
B)
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