Total revenue minus total cost equals:
A) Profit.
B) Variable costs.
C) Economic costs.
D) Marginal revenue.
Correct Answer:
Verified
Q16: The law of diminishing returns indicates that
Q17: The law of diminishing returns means that:
A)
Q18: Which of the following is a factor
Q19: Ceteris paribus,the law of diminishing returns states
Q20: Which of the following statements concerning the
Q22: Which of the following is equivalent to
Q23: Which of the following will always increase
Q24: A firm can be identified as profitable
Q25: Average total cost is defined as:
A) Total
Q26: Costs of production that do not change
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